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![HDFC Capital bets big on affordable housing, to invest $2 billion by 2025 end](https://img.etimg.com/thumb/msid-111559453,width-100,height-75,resizemode-4/industry/services/property-/-cstruction/hdfc-capital-bets-big-on-affordable-housing-to-invest-2-billion-by-2025-end.jpg)
HDFC Capital bets big on affordable housing, to invest $2 billion by 2025 end
The world's largest affordable housing platform that counts Abu Dhabi Investment Authority (ADIA) as its key investor is in the process of achieving its medium-term goal of financing 1 million affordable homes in India through existing platforms set up with leading developers.
![Puravankara arm Provident Housing raises Rs 1,150 crore from HDFC Capital](https://img.etimg.com/thumb/msid-109592706,width-100,height-75,resizemode-4/industry/services/property-/-cstruction/puravankara-arm-provident-housing-raises-rs-1150-crore-from-hdfc-capital.jpg)
Puravankara arm Provident Housing raises Rs 1,150 crore from HDFC Capital
Provident Housing secures Rs 1,150 crore from HDFC Capital Advisors for expansion. The collaboration aims to add 6.2 million sq ft, with a combined portfolio value of Rs 17,100 crores, focusing on delivering quality homes across various cities.
![Eldeco scales up platform with HDFC Capital to Rs 850 crore](https://img.etimg.com/thumb/msid-109564860,width-100,height-75,resizemode-4/industry/services/property-/-cstruction/realty-developer-eldeco-raises-rs-350-crore-from-hdfc-capital.jpg)
Eldeco scales up platform with HDFC Capital to Rs 850 crore
Eldeco Infrastructure and Properties, part of the Eldeco group, has raised Rs 350 crore from HDFC Capital Advisors Limited for their joint platform to develop residential projects across India. The platform aims to generate Rs 8,000 crore from 17 projects. The company has planned projects in Delhi, Gurugram, Ludhiana, Sonipat, and Goa, with Rs 500 crore deployed in residential projects in Panipat, Sonipat, Ludhiana, Rudrapur, Rishikesh, Kasauli, Greater Noida (West) & Gurugram.
![Cities becoming health traps; need clean air and open spaces: CEA Nageswaran](https://img.etimg.com/thumb/msid-105600542,width-100,height-75,resizemode-4/news/india/cities-are-becoming-health-traps-need-clean-air-and-open-spaces-cea-v-anantha-nageswaran.jpg)
Cities becoming health traps; need clean air and open spaces: CEA Nageswaran
India's Chief Economic Advisor, V Anantha Nageswaran, emphasized the importance of cities exploring diverse funding sources, including capital markets, to address urban challenges. Speaking at an event in Delhi, he discussed the need for cities to prioritize clean air and open spaces. Nageswaran also addressed issues such as land-use conversion, advocating for streamlined processes.
![Sebi rejigs panel on alternative investment policy; expands to 25 members](https://img.etimg.com/thumb/msid-103242142,width-100,height-75,resizemode-4/markets/stocks/news/sebi-rejigs-panel-on-alternative-investment-policy-expands-to-25-members.jpg)
Sebi rejigs panel on alternative investment policy; expands to 25 members
At the same time, Prashant Khemka, founder and partner at White Oak Capital Management, and Subramaniam Krishnan, partner at Ernst & Young, among others have been dropped from the list.
![HDFC Capital, HoABL form ₹1,500-cr JV for low-rise projects](https://img.etimg.com/thumb/msid-102996056,width-100,height-75,resizemode-4/industry/banking/finance/hdfc-capital-hoabl-form-1500-cr-jv-for-low-rise-projects.jpg)
HDFC Capital, HoABL form ₹1,500-cr JV for low-rise projects
HDFC Capital Advisors and House of Abhinandan Lodha (HoABL) have partnered to create a joint venture platform with investments of over ₹1,500 crore. The platform will focus on plotted developments and low-rise projects in key property markets in India. The alliance aims to meet the growing demand for mid-income low-rise housing in peripheral areas of tier 1 and tier 2 cities, driven by improved connectivity.
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HDFC Capital, Abhinandan Lodha Group ink JV to invest Rs 1,500 crore in low-rise projects
HDFC Capital Advisors will be investing in this new platform through HDFC Capital Affordable Real Estate Fund-3 and the Investment is expected to result in a gross development value (GDV) of over Rs 4,500 crores.
TVS Emerald, HDFC Capital to set up Rs 1,000-cr platform for plotted development projects in Chennai, Bengaluru
Sriram Iyer, President & CEO, said, "TVS Emerald has been developing and delivering state-of-the-art projects in Chennai for close to ten years and has entered the Bangalore market with the recent launch of TVS Emerald Jardin and several new land acquisitions."
TVS Emerald and HDFC Capital create a Rs.1000 crore platform for plotted development projects
TVS Emerald, an associate of TVS Motor, engaged in the business of developing sustainable residential projects and self-sustaining communities with presence in Chennai and Bengaluru. It has delivered about 2.4 million sq.ft of residential developments in Chennai and has over 6.25 million sq.ft of under development projects.
HDFC Capital raises $376 million more, creates $3.1 billion affordable housing platform
H-CARE 3’s second scheme combined with the first scheme raised less than one year ago has created a total fund corpus of $2.2 billion, making H-CARE 3 one of the largest funds raised to invest in the residential real estate sector in India.
HDFC Capital to invest in 15 startups to drive affordable housing innovation, efficiency
HDFC Capital has selected these 15 startups through HDFC Tech innovators programme in partnership with the government of India, other leading global and Indian funds, academia, and industry associations to identify the most innovative proptech companies.
HDFC Capital to invest in 15 start-ups to drive affordable housing innovation, efficiency
In September, it had raised over Rs 500 crore as the first close of its property technology fund through global investors to support start-ups that drive innovation and efficiencies within the affordable housing ecosystem.
Monsoon CreditTech raises funds led by HDFC Capital
Monsoon CreditTech is a fintech company catering to large financial services companies, including Banks, NBFCs (Non-Banking Financial Companies), HFCs (Housing Finance Companies) and fintech firms.
HDFC Cap invests over Rs 1,550 crore in 6 housing projects of SP Real Estate
The investment made through structured debt instruments will flow into six projects spread over nearly 7 million square feet in Mumbai and Pune. It will be utilised for financial closure of projects, repayment of high-cost debt, and working capital, the companies said.
Housing sales in top 7 cities may hit record 3.6 lakh units this year, surpassing previous high in 2014: Anarock
As per the data of property consultant Anarock, the sales of residential properties have reached 2,72,710 units during January-September period of the current calendar year and already breached the 2019 number -- pre-COVID year -- of 2,61,360 units.
HDFC Capital raises over Rs 500 crore in first close of proptech fund
Through its initiative, HDFC Affordable Real Estate and Technology Program (HeART), it is looking to provide a platform to real estate technology companies with innovative products that would create competences and lower costs in each phase of the development cycle of a real estate project.
Eldeco group creates Rs 350 crore fund with HDFC capital for real estate developments in tier 2 cities, holiday destinations
In August 2021, Eldeco Group had partnered with HDFC Capital Affordable Real Estate Fund 1 (H-CARE 1), another fund managed by HDFC Capital, to set up a Rs 150 crore platform for the development of low-rise and plotted development projects. Currently, Eldeco has identified four residential developments in the Tier 2 cities, Himachal Pradesh and Uttarakhand for an initial investment of Rs 175 crores.
'HDFC Capital, Arvind SmartSpaces realty venture can make it big'
The joint real estate investment and development platform created by HDFC Capital Advisors and realty developer Arvind SmartSpaces is expected to create an overall revenue potential of Rs 5,000 crore excluding reinvestment prospects, said a top executive of HDFC's real estate subsidiary.
HDFC Capital, Arvind SmartSpaces realty platform likely to create Rs 5,000 cr revenue potential
The realty developer, part of the Ahmedabad-headquartered Lalbhai Group, entered into an agreement with HDFC Capital Advisors, earlier this month, to set up a Rs 900-crore platform to undertake residential developments. HDFC Capital Affordable Real Estate Fund - 3 (HCARE-3) will be investing Rs 600 crore, while Arvind SmartSpaces will infuse Rs 300 crore in this joint investment and development platform.
Domestic PE funds getting bullish on realty bets again
Revival in demand for housing driven by a combination of factors including record-low interest rates and pandemic-induced realisation of the need of home ownership is helping attract liquidity from these institutional investors.
HDFC inks pact to sell 10% equity in HDFC Capital to Abu Dhabi Investment Authority
HDFC will continue to hold the balance 90% stake post the stake sale that values the private equity real estate firm at over Rs 1,840 crore.
Sebi rejigs advisory committee on alternative investment policy
The panel is mandated to advise Sebi on any hurdles that might hinder the development of the alternative investment industry and any other item relevant to the segment as well as development of the startup ecosystem in India.
SWAMIH Investment Fund gives final approval to 105 proposals
In November 2019, the centre had announced a Rs 25,000-crore fund -- Special Window for Affordable & Mid-Income Housing (SWAMIH)-- to help complete over 1,500 stalled housing projects comprising 4.58 lakh housing units across the country.
PM Modi meets global investors, seeks suggestions on making India more attractive investment destination
The meeting illustrates how the Prime Minister is interacting personally with industry leaders to gather inputs ahead of the next Budget, they added.
Prime Minister Narendra Modi meets investors for Budget inputs
In a statement after the meeting, the government said the interaction was part of Modi's constant endeavour to boost the investment climate in the country. He enumerated the key initiatives taken in the past seven years by his government and received inputs ahead of the next budget in the personal interaction.
India affordable housing offers $0.62 trillion investment opportunity in next 5 years
India’s affordable housing offers funding opportunities worth $0.62 trillion for private funds over the next five years in the backdrop of the government’s push for this segment. However, it is yet to become a major theme for the funds in the country with very few private equity funds dedicated to financing affordable homes, said industry experts.
Hyper-personalization and new-age tech will drive AI-enabled banks
Over the past few years, India has witnessed a rapidly growing Big Data Revolution with the integration of AI, ML, IoT into the financial services industry.
Arvind SmartSpaces raises Rs 85 cr equity capital from HDFC Capital realty fund, promoters
ASL said in a statement that its board approved the allotment of 68.5 lakh equity shares, aggregating to about Rs 85 crore, to HDFC Capital Affordable Real Estate Fund-1 (H-CARE 1) and the promoters of ASL for Rs 124 per share.
Eldeco group and HDFC capital set up Rs 150 crore affordable and mid-income housing fund
“Inline with the ‘Housing for all 2022’ vision of the Government of India, HDFC’s endeavour is to help address the demand-supply gap in affordable housing in India by providing flexible, long-term capital to leading developers across India. We are committed to partnerships with trusted real estate brands like Eldeco with a good track record of development and delivery,” said Renu Sud Karnad, Managing Director, HDFC Ltd.
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