HDFC exits Bengaluru project with Rs 2.98 bn return

10 May 2024 CW Team

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 project, backed by HDFC Capital, adds to the company's track record of delivering quality developments. This successful exit not only reflects HDFC Capital's commitment to generating returns for its investors but also underscores the resilience of the real estate market in Bengaluru.

Despite challenges, the city continues to attract investments due to its robust infrastructure, favourable business environment, and growing demand for residential properties. HDFC Capital's exit from the Bengaluru project signals confidence in the city's real estate market and highlights the potential for future growth opportunities.

As the real estate sector continues to evolve, strategic investments and successful exits like this contribute to its overall development and stability.

Equipment

11 Dec 2025

Caterpillar Debuts Three New Cat Excavators at EXCON 2025

Caterpillar Inc., a global leader in construction and mining machinery, strengthened its commitment to India’s infrastructure growth with the debut of three new Cat® hydraulic excavators at EXCON 2025, held from December 9–13 at the Bangalore International Exhibition Centre. The new models—Cat 321, Cat 322 and Cat 324—mark a significant step forward in delivering efficient, digital-ready equipment tailored for India’s evolving construction needs.Designed to support sustainability and productivity on modern jobsites, the machines feature advanced powertrains and intelligent electrohy..

JK Tyre Expands OTR Lineup with Four New Launches at EXCON 2025

JK Tyre & Industries, one of India’s leading tyre manufacturers, introduced four new Off-the-Road (OTR) tyres at the 13th edition of CII EXCON 2025, South Asia’s largest construction equipment exhibition, underway at the Bangalore International Exhibition Centre. The latest additions strengthen the company’s OTR portfolio and reaffirm its focus on delivering advanced mobility solutions for construction, mining and industrial operations.The new tyres were unveiled by R Mukhopadhyay, Director (R&D), JK Tyre. Among the highlights was the debut of the SKY GRIP, a specialised tyre des..

ACE, Sanghvi Movers Ink MOU to Boost India-Made Heavy Crane Adoption

Action Construction Equipment (ACE), the world’s largest pick-and-carry crane manufacturer and a leading Indian construction equipment maker, has entered into a strategic Memorandum of Understanding with Sanghvi Movers, Asia’s largest and the world’s fifth-largest crane rental company. The partnership aims to accelerate the deployment of indigenously manufactured heavy slew cranes, particularly truck cranes and crawler cranes, across large-scale infrastructure and industrial projects in India.The alliance aligns strongly with the Government of India’s “Aatmanirbhar Bharat” and “M..