HDFC Capital plans to form 3 investment platforms for affordable housing

HDFC Capital, the real estate fund management arm of HDFC, is looking to form three platform investment deals with property developers for affordable housing, said sources in the know.

Platforms are like joint ventures wherein the partners bring in capital and the developer partner develops projects.

HDFC Capital has in principle agreed to form a platform deal with Mumbai-based Rustomjee and is in talks with two other developers for similar deals, sources said. “They have realised that affordable homes are selling well despite the slowdown. That’s why they are looking at tie-ups with serious players,” said a source. An email sent to