 "HDFC Capital, the real estate fund management arm of HDFC, has around $600 million of investable funds")
Eldeco Infrastructure and Properties said today that it has partnered with HDFC Capital Affordable Real Estate Fund 1 (H-CARE 1), a fund managed by HDFC Capital Advisors Limited, to form a platform focused on the development of low-rise plotted development projects in tier-2 cities in the National Capital Region (NCR).
The proposed projects will be undertaken by a special purpose vehicle, Eldeco Greens Infrastructure Private Limited, set up with an initial investment of Rs 150 crore. Currently, two projects have been identified in Panipat and Faridabad with combined saleable area of approximately 1.5 million sq ft and sales revenue of approximately
