HomeKraft Repays Rs 12.5bn To HDFC Capital, Enabling Full Fund Exit

27 Nov 2025 CW Team

According to the developer, the repayment was made entirely from HCARE-2 portfolio project cash flows, without any third-party refinancing — a rare outcome in India’s residential real-estate sector. HCARE-2’s portfolio with ATS HomeKraft comprised more than 7,500 units with a total sales value of Rs 80 billion.

HomeKraft said it delivered multiple projects ahead of schedule under the fund and launched a plotted development along the Yamuna Expressway where demand significantly exceeded supply. Vipul Roongta, CEO and Managing Director of HDFC Capital, said most projects launched under the portfolio are now priced nearly three times higher than their launch rates within four to five years, reflecting India’s strong unmet demand for high-quality, well-designed mid-income homes.

The ATS group established HomeKraft Infra in 2017, with equity participation from an HDFC Capital-managed fund, to focus exclusively on mid-income housing across Delhi NCR. HDFC Capital Advisors manages four SEBI-registered Category II AIFs, including HCARE-2, forming a USD 4.5 billion platform targeting affordable and mid-income housing nationwide.

Pankaj Khanna, Associate Principal for Investments and Technical at HDFC Capital, said the partnership with HomeKraft demonstrates confidence in developers who combine disciplined execution with strong consumer traction in the mid-income segment.

The exit follows another recent repayment by the ATS group, which prepaid Rs 1.9 billion to the SWAMIH Investment Fund I for a project on the Dwarka Expressway. HomeKraft said these repayments highlight strong cash flows, improving balance-sheet strength and the group’s commitment to timely delivery.

The company is now preparing a new launch in Gurugram, supported by a fresh Rs 2.5 billion fundraise from H-CARE 3, slated for release in 2026.

Delhi NCR-based mid-income housing developer HomeKraft, part of the ATS group, has provided a full exit to HDFC Capital Affordable Real Estate Fund-2 (HCARE-2) by repaying Rs 12.5 billion to the fund. According to the developer, the repayment was made entirely from HCARE-2 portfolio project cash flows, without any third-party refinancing — a rare outcome in India’s residential real-estate sector. HCARE-2’s portfolio with ATS HomeKraft comprised more than 7,500 units with a total sales value of Rs 80 billion. HomeKraft said it delivered multiple projects ahead of schedule under the fund and launched a plotted development along the Yamuna Expressway where demand significantly exceeded supply. Vipul Roongta, CEO and Managing Director of HDFC Capital, said most projects launched under the portfolio are now priced nearly three times higher than their launch rates within four to five years, reflecting India’s strong unmet demand for high-quality, well-designed mid-income homes. The ATS group established HomeKraft Infra in 2017, with equity participation from an HDFC Capital-managed fund, to focus exclusively on mid-income housing across Delhi NCR. HDFC Capital Advisors manages four SEBI-registered Category II AIFs, including HCARE-2, forming a USD 4.5 billion platform targeting affordable and mid-income housing nationwide. Pankaj Khanna, Associate Principal for Investments and Technical at HDFC Capital, said the partnership with HomeKraft demonstrates confidence in developers who combine disciplined execution with strong consumer traction in the mid-income segment. The exit follows another recent repayment by the ATS group, which prepaid Rs 1.9 billion to the SWAMIH Investment Fund I for a project on the Dwarka Expressway. HomeKraft said these repayments highlight strong cash flows, improving balance-sheet strength and the group’s commitment to timely delivery. The company is now preparing a new launch in Gurugram, supported by a fresh Rs 2.5 billion fundraise from H-CARE 3, slated for release in 2026.

Infrastructure Transport

12 Jan 2026

Dhalbhumgarh Airport Faces 150-km Rule Hurdle

The issue has resurfaced following a recent statement by Union Civil Aviation Minister Ram Mohan Naidu, who said that under existing aviation policy, a new greenfield airport is generally not permitted within an aerial distance of 150 kilometres of an operational civilian airport. He added, however, that if a formal proposal is submitted, its impact on the existing airport can be examined and relaxations may be considered on a case-by-case basis. While the clarification has revived some hope for Dhalbhumgarh, it has also underlined the scale of the technical challenge facing the project. Unde..

Infrastructure Transport

12 Jan 2026

Stakeholders Seek Parallel Ops For Vizag Airports

With road and metro rail links to Bhogapuram still several years away, stakeholders in north Andhra Pradesh have renewed demands to continue civil operations at INS Dega even after the commissioning of Bhogapuram International Airport. The new airport is expected to begin commercial operations from June. Officials said close to 80 per cent of the airport infrastructure at Bhogapuram, including the terminal building and internal approach roads, has already been completed. However, inadequate external connectivity remains a key concern. Making a case for parallel operations, Andhra Pradesh Air ..

Infrastructure Transport

12 Jan 2026

Govt To Roll Out V2V Tech To Cut Road Crashes

In an effort to curb road accidents, particularly in low-visibility conditions such as dense fog, the government is set to roll out vehicle-to-vehicle (V2V) communication technology that will allow cars to exchange real-time data and alert drivers to potential dangers. The announcement was made by Union Road Transport and Highways Minister Nitin Gadkari after the 43rd meeting of the Transport Development Council. The technology involves installing an on-board unit (OBU) in vehicles, enabling wireless data exchange between nearby cars. This will allow vehicles to share information such as spee..