HDFC Capital Exits Total Environment Bangalore Project

HDFC exits Bengaluru project with Rs 2.98 bn return

HDFC Capital has successfully exited its investment in a Bengaluru-based real estate project, yielding a return of Rs 2.98 billion. The project, developed by Total Environment Building Systems, involved an initial investment from HDFC Capital and subsequent exits through stake sales.

This exit marks another successful venture for HDFC Capital, demonstrating its strategic investment approach in the real estate sector. Total Environment, known for its focus on design and sustainability, has delivered premium residential projects across major cities in India.

The Bengaluru projec..

HDFC Capital Exits Bangalore Project, Nets Rs 300 Cr

HDFC Capital, the real estate private equity arm of HDFC Group and a subsidiary of HDFC Bank Ltd, has marked a significant milestone with its exit from a Total Environment project in Bangalore, yielding returns close to Rs 300 crore.

The investment giant had injected Rs 229 crore into a residential apartment project situated in the bustling locale of Whitefield, Bangalore. This investment was directed towards the development of 1 million square feet of residential apartments within the project named ?Pursuit of a Radical Rhapsody?.

Notably, the project encompassed a total area of..

Eldeco, HDFC Capital to Invest Rs 3.50 Bn in Housing Projects

Eldeco Infrastructure and Properties Limited, in collaboration with HDFC Capital Affordable Real Estate Fund-1 (H-CARE 1), is set to infuse Rs 3.50 billion into building housing projects across India. This strategic partnership aims to accelerate the development of affordable and mid-income housing projects in key markets.

The investment will be directed towards acquiring and developing residential projects in various cities, catering to the growing demand for quality housing solutions. Both Eldeco and HDFC Capital bring their expertise and resources to the table, leveraging synergies t..

TVS Motor Unveils Electric Two-Wheeler

TVS Motor Company, a leading two-wheeler manufacturer in India, has unveiled its latest addition to the electric vehicle segment with the launch of the TVS iQube Electric in Bengaluru. This move marks the company's foray into the burgeoning electric vehicle market, aligning with the global shift towards sustainable mobility solutions.

The TVS iQube Electric promises to redefine urban commuting with its advanced technology and eco-friendly features. Boasting a sleek design and compact structure, the electric scooter is tailored to meet the evolving needs of urban commuters, offering a s..

Chinese EV Giant Leapmotor Eyes Indian Market

Chinese electric vehicle (EV) manufacturer Leapmotor is poised to make a significant entry into the Indian market in the third quarter of the 2024-25 fiscal year. With India rapidly transitioning towards electric mobility, Leapmotor's arrival could mark a pivotal moment in the country's automotive industry.

Leapmotor's decision to venture into India underscores the growing appeal of the country as a lucrative market for EV manufacturers worldwide. As one of the world's largest automotive markets, India presents immense opportunities for companies looking to capitalise on the increasing..