HDFC Capital Exits Total Environment Bangalore Project

06 May 2024 CW Team

HDFC Capital, a subsidiary of HDFC Bank Ltd and the real estate private equity arm of HDFC Group, has achieved a substantial exit from a Total Environment project in Bangalore, securing returns close to Rs 300 crore.

The investment, totaling Rs 229 crore, was directed towards a residential apartment project situated in Whitefield, Bangalore, under the name "Pursuit of a Radical Rhapsody." This venture encompassed the development of 1 million square feet of residential apartments along with 4.4 million square feet of residential and 500,000 square feet of commercial space.

Kamal Sagar, Founder of Total Environment, expressed, "This exit is a big milestone for all our stakeholders, having witnessed significant value creation, and we?re looking forward to creating further value for all our stakeholders through the ongoing investments by HDFC Capital."

Driven by the surge in demand for projects by esteemed developers post-pandemic, the Bangalore-based developer generated returns of Rs 527 crore, facilitating HDFC Capital's exit. Moreover, Total Environment has returned Rs 250 crore against other investments made by HDFC Capital in the fiscal year 2023-24.

Kunal Wadhwani, Principal Investments at HDFC Capital, remarked, "The successful exit of the equity investment highlights our strategy of partnering with top-rated developers with a good track record of development and delivery with a focus on high-quality homes in India."

Established in 1996, Total Environment has delivered 5.5 million square feet of residential and commercial space, with a total of 14 million square feet under construction presently.

HDFC Capital serves as the investment manager to four SEBI-registered Category II Alternative Investment Funds, collectively forming a US$ 3 billion platform targeting the development of affordable and mid-income housing in India.

Resources

09 Mar 2026

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..