HDFC Capital Advisors Ltd, the real estate investment arm of the HDFC Group, has partnered with Delhi-based Eldeco Group to launch a 1,500 INR-Crore platform. This platform will focus on developing 18 upcoming residential projects. Together, these projects promise a revenue potential of nearly 11,000 INR-Crore.
The total development area will span over an anticipated 10 Million-SqFt. These residential projects will rise in Tier 2 and Tier 3 towns such as Panipat and Sonipat in Haryana, Rudrapur and Rishikesh in Uttarakhand, Ludhiana in Punjab, and Kasauli in Himachal Pradesh.
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Furthermore, in the last month, HDFC Capital invested around 1,300 INR-Crore into a similar platform with realty firm Total Environment. The partnership will lead to the development of housing projects worth an estimated 10,000 INR-Crore in Bengaluru.
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