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

05 Feb 2026

MMRDA Installs 325-Tonne Steel Spans on Mumbai Metro Line 4

The Mumbai Metropolitan Region Development Authority (MMRDA) has achieved a key construction milestone on Metro Line 4 with the successful installation of three large steel spans at Bhandup West during overnight operations.The spans, together weighing 325 metric tonnes, were launched using eight heavy-duty cranes and 12 multi-axle vehicles. The operation required precise engineering and meticulous planning to minimise disruption in the densely populated suburban area.Due to effective inter-agency coordination, the work—originally scheduled across four nights—was completed within just two n..

Infrastructure Transport

05 Feb 2026

CMRL Targets March 2027 Opening for Vadapalani–Panagal Park

Chennai Metro Rail Limited (CMRL) is progressing as scheduled to open the Vadapalani–Panagal Park section of Phase II’s Corridor 4 by March 2027. The 3.5 km underground stretch is part of the 26.1 km Corridor 4 connecting Lighthouse with Poonamallee Bypass.Construction activities are advancing steadily, with tunnelling works between Vadapalani and Panagal Park already completed. Track-laying operations are expected to commence shortly. At Panagal Park station, structural works have reached the concourse and platform levels, while excavation continues at the lowest level.CMRL is also consid..

Infrastructure Transport

05 Feb 2026

Maha-Metro Invites Pune Metro Civil Maintenance Bids

Maharashtra Metro Rail Corporation Limited (Maha-Metro) has invited bids for the annual civil maintenance contract of the Pune Metro Rail Project. The tender, bearing ID and number P1-O&M-20/2025, is scheduled to close on 23 February 2026, with a pre-bid meeting slated for 10 February 2026. The earnest money deposit (EMD) for the contract is Rs 3,50,500, and the duration of the contract is one year.The scope of work includes annual civil maintenance of 28 elevated and underground stations, 28.079 km of elevated viaduct including steel bridges, 12.15 km of tunnels, and two depots under the ..