HDFC Capital to set up platform worth Rs 1000 cr

03 Apr 2023 CW Team

The real estate division of TVS Motor Company, Emerald Haven Realty Ltd (TVS Emerald), has agreed to a term sheet with HDFC Capital Affordable Real Estate Fund-3 to establish a platform worth Rs. 1000 crore for projected development projects in Chennai and Bengaluru.

According to a news release from TVS Emerald's President and CEO, Sriram Iyer, the company has been developing and completing projects in Chennai for nearly 10 years. With the recent launch of TVS Emerald Jardin and many additional land purchases, the company has also joined the Bangalore market. “This is a strategic tie-up to grow our plotted development portfolio in the south markets.”

HDFC Capital, a division of Housing Development Finance Corporation Ltd., is the investment manager for the SEBI-registered Category II Alternative Investment Funds HDFC Capital Affordable Real Estate Fund 1, HDFC Capital Affordable Real Estate Fund 2, and HDFC Capital Affordable Real Estate Fund 3 Schemes 1 & 2. Together, these funds total $ 3.1 billion, which will be used to build inexpensive and middle-income housing in India.

According to Vipul Roongta, MD & CEO of HDFC Capital Advisors Limited, the company will continue to focus on satisfying the rising demand for plotted developments at reasonable costs through this platform with TVS Emerald.

Infrastructure Urban

14 Nov 2025

CM Inaugurates Rs 3.7 Billion Vilholi Water Treatment Plant in Nashik

Chief Minister Devendra Fadnavis inaugurated the Nashik Municipal Corporation’s 274 MLD Vilholi Water Treatment Plant and the upgraded Mukane water supply scheme, a Rs 3.7 billion project designed to provide a reliable and sustainable water supply to more than 55 lakh residents. The system will also cater to over 1 crore visitors expected during the 2027 Simhastha Kumbh Mela.Funded partly through Rs 2 billion Green Sustainable Bonds, the project strengthens Nashik’s long-term water security, ensures year-round availability, and enhances the city’s preparedness for peak tourist inflow. It..

Indian Speciality Chemical Industry Poised for Strong Global Growth

The International Center for Biosaline Agriculture (ICBA), in partnership with Al Rostamani Group, has inaugurated three major facilities at its Dubai headquarters: a Training and Knowledge Transfer Building, a Plant Tissue Culture Laboratory, and an Integrated Agri-Aquaculture System. The launch took place in the presence of H.E. Dr. Amna bint Abdullah Al Dahak, Minister of Climate Change and Environment, marking a significant step forward in strengthening the UAE’s agricultural innovation ecosystem.Fully funded by Al Rostamani Group, the new facilities reinforce ICBA’s role as a leading ..

Mooreast to Explore Up to 500 MW RE Projects in Timor-Leste

Mooreast Holdings, listed on the Singapore Exchange Catalist, announced that it will begin feasibility studies this month for the development of up to 500 megawatts (MW) of large-scale renewable energy (RE) projects in Timor-Leste.The studies follow a Letter of Intent (LOI) signed between Mooreast and the Secretario de Estado de Electricidade Agua e Saneamento (SEEAS), the secretariat for Electricity, Water and Sanitation under Timor-Leste’s Ministry of Public Works. Under the LOI, Mooreast will explore the development of 300–500 MW of floating renewable energy over the next five to ten ye..