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.

Infrastructure Urban

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