HDFC Capital, HoABL form ₹1,500-cr JV for low-rise projects
HDFC Capital Advisors and the House of Abhinandan Lodha (HoABL) have formed an alliance to set up a joint venture platform with investments of over ₹1,500 crore to undertake both plotted developments and low-rise projects across key property markets in India.
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 ₹4,500 crore.
«We believe there is a significant unmet demand for mid-income low-rise housing in the peripheral areas of tier 1 cities and tier 2 cities, driven by improved connectivity on the back of rapid development of road, rail and air infrastructure projects across India,» said Vipul Roongta, MD & CEO, HDFC Capital Advisors.
According to him, through this platform, HDFC Capital will continue to focus on partnering with trusted realty brands to meet the increasing demand for high-quality low-rise developments at affordable prices.
«The joint venture with HDFC Capital is a testament to our shared vision of creating exceptional living experiences. By combining our expertise and resources, we are set to redefine the landscape of branded low-rise projects.
