 "refinance, debt, expenses, restructuring, costs, cutting, revenue, savings, investments")
In the first investment by any private equity fund manager in real estate post the lockdown, HDFC Capital Advisors, part of HDFC, has invested in a mid-income housing project in Mumbai.
HDFC Capital invested Rs 275 crore in the project of Kalpataru in Kandivali area of Mumbai, sources in the know said. The project has total area of 1 million sq ft.
The deal is in the form of structured debt. The investments were made from HDFC Capital Affordable Real Estate Fund (Hcare fund 1 & 2) which has a corpus of $ 1.1 billion. Abu Dhabi sovereign fund ADIA
