HDFC Capital, Eldeco Launch Rs 15 bn Housing Platform

17 Apr 2025 CW Team

The ambitious platform targets a revenue potential of Rs. 110 billion ($1.3 billion), spanning more than 10 million square feet of development. The planned projects will be located in cities like Panipat and Sonipat in Haryana, Rudrapur and Rishikesh in Uttarakhand, Ludhiana in Punjab, and Kasauli in Himachal Pradesh.

Vipul Roongta, Managing Director & CEO of HDFC Capital, emphasized the firm’s confidence in smaller cities situated within a 300-kilometre radius of metro hubs. “Our partnership with Eldeco aligns with our long-term vision of catalyzing the development of sustainable, aspirational housing for India’s expanding middle class,” he said.

Eldeco Group, known for its track record in townships across North India, will spearhead development through its privately held arm, Eldeco Infrastructure & Properties Ltd (EIPL). Pankaj Bajaj, Chairman & MD of Eldeco Group, remarked, “There is a huge unmet demand for quality housing in Tier 2 and 3 cities. With HDFC Capital’s support, we can now accelerate our presence in these high-growth regions.”

The collaboration underscores HDFC Capital’s larger goal of bridging India’s housing gap by focusing on affordable and mid-income housing, particularly in growth corridors outside major metros.

This platform forms a part of HDFC Capital’s US$ 4.2 billion fund ecosystem managed under four SEBI-registered Category II Alternative Investment Funds. The funds are dedicated to advancing the Government of India’s 'Housing for All' mission while promoting innovation and technology adoption in the real estate sector.

With this move, both HDFC Capital and Eldeco Group aim to redefine housing standards in emerging Indian cities and meet the rising aspirations of a growing urban population.

HDFC Capital Advisors Ltd, the real estate private equity arm of HDFC Group, has launched a Rs. 15 billion ($180 million) investment platform in collaboration with Eldeco Group to develop 18 residential projects across Tier 2 and Tier 3 cities in North India. The ambitious platform targets a revenue potential of Rs. 110 billion ($1.3 billion), spanning more than 10 million square feet of development. The planned projects will be located in cities like Panipat and Sonipat in Haryana, Rudrapur and Rishikesh in Uttarakhand, Ludhiana in Punjab, and Kasauli in Himachal Pradesh. Vipul Roongta, Managing Director & CEO of HDFC Capital, emphasized the firm’s confidence in smaller cities situated within a 300-kilometre radius of metro hubs. “Our partnership with Eldeco aligns with our long-term vision of catalyzing the development of sustainable, aspirational housing for India’s expanding middle class,” he said. Eldeco Group, known for its track record in townships across North India, will spearhead development through its privately held arm, Eldeco Infrastructure & Properties Ltd (EIPL). Pankaj Bajaj, Chairman & MD of Eldeco Group, remarked, “There is a huge unmet demand for quality housing in Tier 2 and 3 cities. With HDFC Capital’s support, we can now accelerate our presence in these high-growth regions.” The collaboration underscores HDFC Capital’s larger goal of bridging India’s housing gap by focusing on affordable and mid-income housing, particularly in growth corridors outside major metros. This platform forms a part of HDFC Capital’s US$ 4.2 billion fund ecosystem managed under four SEBI-registered Category II Alternative Investment Funds. The funds are dedicated to advancing the Government of India’s 'Housing for All' mission while promoting innovation and technology adoption in the real estate sector. With this move, both HDFC Capital and Eldeco Group aim to redefine housing standards in emerging Indian cities and meet the rising aspirations of a growing urban population.

Infrastructure Transport

17 Oct 2025

Sonowal Unveils Eight Projects at NMPA’s Golden Jubilee

Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal, inaugurated the Curtain Raiser Ceremony of the Golden Jubilee Celebrations of the New Mangalore Port Authority (NMPA) at Bharat Mandapam. To commemorate the milestone, he unveiled eight major maritime infrastructure projects designed to strengthen India’s port network, enhance logistics performance, and promote sustainability. These include a modern cruise terminal, new covered storage facilities, a 150-bed multi-speciality hospital, expanded truck terminals, and improved port access infrastructure aimed at enhancing..

Infrastructure Energy

17 Oct 2025

India To Boost US LPG Imports, Cut Middle East Reliance

India is planning to reduce imports of liquefied petroleum gas (LPG) from the Middle East as state-owned refiners prepare to ramp up purchases from the United States, according to sources familiar with the matter. The move aligns with New Delhi’s efforts to expand energy cooperation and secure a broader trade deal with Washington. State refiners have already notified their traditional LPG suppliers in Saudi Arabia, the United Arab Emirates, Kuwait and Qatar of the potential reduction in imports. Although the exact size of the supply cut was not disclosed, earlier reports suggested that Indi..

Infrastructure Energy

17 Oct 2025

UK Sanctions Nayara Energy in Crackdown on Russian Oil

The United Kingdom has announced fresh sanctions on 90 entities, including Indian refiner Nayara Energy Limited, in its latest bid to curb Russian oil revenues and weaken President Vladimir Putin’s war funding. The sanctions, unveiled jointly by the Foreign, Commonwealth and Development Office (FCDO) and the UK Treasury, aim to disrupt networks supporting Moscow’s crude exports amid the ongoing war in Ukraine. According to the FCDO, the new restrictions are intended to “strike at the heart of Putin’s war funding” by targeting firms and assets that enable Russia’s energy trade. “..