HDFC Capital and Runwal launch Rs 11.5 billion residential platform

14 Nov 2024 CW Team

"HDFC Capital is committed to long-term partnerships with proven developers like Runwal Group to meet the growing need for affordable and sustainable housing in India,” said Vipul Roongta, Managing Director & CEO of HDFC Capital. The firm will contribute both equity and structured debt to support Runwal Enterprises, enhancing the developer’s capacity to undertake diverse projects throughout the Mumbai Metropolitan Region (MMR).

Runwal Enterprises, led by Subodh Runwal, expressed enthusiasm for the partnership, noting that it offers long-term, flexible funding to support expansion across various parts of the metropolis and for different socio-economic groups. "This collaboration will significantly boost the scale of our operations," Runwal added.

The funding will support Special Purpose Vehicles (SPVs) for land acquisition and working capital, helping the Runwal Group pursue its growth strategy in MMR. Since 2019, HDFC Capital has invested Rs 8.5 billion in Runwal Group projects in Mumbai’s Dombivli and Kanjurmarg suburbs, achieving strong returns upon exit in 2022.

Aligned with the ‘Housing for All’ initiative, HDFC Capital is focused on financing sustainable, affordable housing and aims to drive innovation by investing in technology companies within the real estate sector. Managing four SEBI-registered Category II Alternative Investment Funds, HDFC Capital has created a $4.2 billion platform to support mid-income and affordable housing across India.

Established in 1978, Runwal Group has delivered a diversified portfolio of 65 projects, covering millions of square feet in residential, commercial, and retail developments. This partnership represents a growing trend of platform deals between institutional investors and local developers, where investors leverage developers’ local expertise and project pipelines, while developers benefit from the significant capital required to scale their projects.

(ET)

HDFC Capital, the private equity arm of the HDFC Group, has partnered with real estate developer Runwal Enterprises to establish a Rs 11.5 billion platform dedicated to affordable, mid-income, and upper mid-income residential projects across Mumbai. HDFC Capital’s investment will drive sustainable housing developments aimed at addressing the city’s rising demand for quality, accessible homes. The partnership is expected to generate a revenue potential exceeding $1 billion. HDFC Capital is committed to long-term partnerships with proven developers like Runwal Group to meet the growing need for affordable and sustainable housing in India,” said Vipul Roongta, Managing Director & CEO of HDFC Capital. The firm will contribute both equity and structured debt to support Runwal Enterprises, enhancing the developer’s capacity to undertake diverse projects throughout the Mumbai Metropolitan Region (MMR). Runwal Enterprises, led by Subodh Runwal, expressed enthusiasm for the partnership, noting that it offers long-term, flexible funding to support expansion across various parts of the metropolis and for different socio-economic groups. This collaboration will significantly boost the scale of our operations, Runwal added. The funding will support Special Purpose Vehicles (SPVs) for land acquisition and working capital, helping the Runwal Group pursue its growth strategy in MMR. Since 2019, HDFC Capital has invested Rs 8.5 billion in Runwal Group projects in Mumbai’s Dombivli and Kanjurmarg suburbs, achieving strong returns upon exit in 2022. Aligned with the ‘Housing for All’ initiative, HDFC Capital is focused on financing sustainable, affordable housing and aims to drive innovation by investing in technology companies within the real estate sector. Managing four SEBI-registered Category II Alternative Investment Funds, HDFC Capital has created a $4.2 billion platform to support mid-income and affordable housing across India. Established in 1978, Runwal Group has delivered a diversified portfolio of 65 projects, covering millions of square feet in residential, commercial, and retail developments. This partnership represents a growing trend of platform deals between institutional investors and local developers, where investors leverage developers’ local expertise and project pipelines, while developers benefit from the significant capital required to scale their projects. (ET)

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Infrastructure Urban

02 Jun 2026

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Infrastructure Transport

02 Jun 2026

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..