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

07 Apr 2026

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Infrastructure Energy

07 Apr 2026

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..

Infrastructure Energy

07 Apr 2026

Gujarat Pushes Biogas Growth With 193 Operational Units

Gujarat has operationalised 193 biogas plants across the state and is planning to add 60 more units as part of a broader push to scale up clean and sustainable energy solutions. The existing plants, established under various government-supported schemes, process organic waste including cattle dung and agricultural residue to produce biogas and a nutrient-rich slurry. The output is mainly used for cooking and other energy needs in rural and semi-urban communities, while also improving local waste management practices. The Gujarat Energy Development Agency (GEDA) is leading the initiative and is..