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HDFC Bank sees period of consolidation as it absorbs mega merger: Report

Before the merger, the bank's return on equity was above 17 per cent, but it has since declined to 15.8 per cent as of December-end

HDFC Bank sees period of consolidation as it absorbs mega merger: Report
Updated On : 25 Jan 2024 | 2:21 PM IST

Tribeca Developers raises Rs 200 cr from HDFC Capital for project in Mumbai

Realty firm Tribeca Developers has tied up with Tejukaya Group to build a luxury housing project in Mumbai with Rs 1,000 crore investment and has raised Rs 200 crore from HDFC Capital for the project. Tribeca Developers is the largest developer of Trump branded projects in the world. "We have entered into a joint development agreement with Tejukaya Group to develop a 2.5-acre residential project in Parel, South Mumbai. We will develop over 400 units in this project," Tribeca Developers founder Kalpesh Mehta told PTI. Asked about the investment, Mehta said it will be around Rs 1,000 crore. "HDFC Capital is backing the project with Rs 200 crore of financing," he said, adding the company would also take construction finance. Mehta said the company is expecting Rs 1,800 crore sales realisation from this project. He said the two partners will share revenue. This is Tribeca's first project in Mumbai which will be launched in the first quarter of the next fiscal year. The 2.5-acre lan

Tribeca Developers raises Rs 200 cr from HDFC Capital for project in Mumbai
Updated On : 10 Jan 2024 | 4:41 PM IST

Proptech firm Reloy raises Rs 7.2 cr from investors to grow business

HDFC Capital-backed proptech firm Reloy, which helps realtors in generating referral sales, has raised Rs 7.2 crore from investors to expand its business. In a pre-series A2 funding round, Reloy (earlier known as Loyalie) said all the existing investors participated along with new investors like BlueLotus VC and Dream Green Capital. The investment will be used to fuel the company's growth and expansion plans, the company said. In February last year, the company had raised Rs 5.9 crore from investors, taking the total external funding to over Rs 13 crore. "India is now the world's most populated nation with only the 7th largest land mass. We need our builders to create the largest cities the world has ever seen. It's time we empowered good builders with our referrals," Reloy founder and CEO Akhil Saraf said. "Our solution streamlines the post-purchase journey that homeowners have with builders and rewards them with benefits across ancillary requirements of home interiors and home .

Proptech firm Reloy raises Rs 7.2 cr from investors to grow business
Updated On : 29 Jun 2023 | 1:38 PM IST

TVS Emerald, HDFC Capital to create Rs 1000 cr platform for real estate

Agreement to assist setting up plotted development projects in Chennai and Bengaluru

TVS Emerald, HDFC Capital to create Rs 1000 cr platform for real estate
Updated On : 29 Mar 2023 | 6:40 PM IST

HDFC Capital achieves $376-mn initial close for scheme 2 of H-CARE 3

H-CARE 3 Scheme 1 & 2 and HDFC Capital Affordable Real Estate Funds - 1 & 2 have created a US$3.1 billion funding platform

HDFC Capital achieves $376-mn initial close for scheme 2 of H-CARE 3
Updated On : 09 Jan 2023 | 11:22 PM IST

HDFC Capital raises $376 million for affordable housing fund H-Care 3

HDFC Capital, the real estate private equity arm of HDFC Group, on Monday achieved the initial close for second scheme of its third fund, raising USD 376 million. The latest fund raising is the third by HDFC Capital's affordable real estate fund (H-Care 3) and the primary investor in the H-Care schemes is a wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), HDFC said in a statement. Since the launch in 2016, the fund, across its schemes, has created a USD 3.1 billion funding platform, making it one of the largest private finance platforms in the world focused on development of affordable housing. The fund will provide long-term, flexible funding across the life cycle of affordable and mid-income housing projects including early-stage funding. In addition, it will also invest in companies in the construction technology, fintech, sustainability-tech etc. engaged in the affordable housing ecosystem. HDFC Capital targets to finance 10 lakh affordable homes through a

HDFC Capital raises $376 million for affordable housing fund H-Care 3
Updated On : 09 Jan 2023 | 6:08 PM IST

HDFC Capital concludes 2nd H@ART summit; commits investments to 15 startups

The HDFC Capital through its H@ART platform has committed to more than 15 investments in Indian prop-tech startups and has already invested in companies like Loyalie and HomeExchange

HDFC Capital concludes 2nd H@ART summit; commits investments to 15 startups
Updated On : 17 Nov 2022 | 8:00 AM IST

HDFC Capital Advisors-backed property tech program gets 400 proposals

HDFC Capital Advisors, a subsidiary of mortgage lender HDFC, has raised over Rs 500 crore through global investors

HDFC Capital Advisors-backed property tech program gets 400 proposals
Updated On : 17 Oct 2022 | 9:44 AM IST

Eldeco partners HDFC Capital to form Rs 350 cr fund for housing projects

Realty firm Eldeco group on Friday said it has partnered with HDFC Capital to set up Rs 350 crore fund to develop residential projects across many cities. Eldeco Infrastructure and Properties Ltd (EIPL), a privately held company of the Eldeco Group has "partnered with HDFC Capital Affordable Real Estate Fund 3 (H-CARE 3) for an investment of Rs 350 crore to create a platform to develop multiple residential projects across multiple cities." Currently, Eldeco has identified four residential developments in Delhi-NCR, Himachal Pradesh and Uttarakhand for an initial investment of Rs 175 crore. Earlier, Eldeco Group had partnered with HDFC Capital Affordable Real Estate Fund 1 (H-CARE 1) to set up a Rs 150 crore platform for the development of low-rise and plotted development projects. The first project under this platform 'Eldeco Paradiso', a 35-acre plotted project in Panipat was launched in late March this year. Pankaj Bajaj, Chairman of Eldeco Group, said, "Eldeco is now present in

Eldeco partners HDFC Capital to form Rs 350 cr fund for housing projects
Updated On : 16 Sep 2022 | 5:45 PM IST

Signature Global raises Rs 400 cr from HDFC Capital's real estate fund

The company raised this fund from HDFC Capital Affordable Real Estate Fund 3 (H-CARE 3), a fund managed by HDFC Capital

Signature Global raises Rs 400 cr from HDFC Capital's real estate fund
Updated On : 04 May 2022 | 1:36 PM IST

Top headlines: MoD spends 65% domestically, cement prices to rise, and more

Business Standard brings you the top headlines on Wednesday

Top headlines: MoD spends 65% domestically, cement prices to rise, and more
Updated On : 20 Apr 2022 | 5:35 PM IST

HDFC Capital to buy 7.2% stake in realty start-up Loyalie IT Solutions

Loyalie had in January raised Rs 5 crore from investors, including Inflection Point Ventures, to expand and grow its business

HDFC Capital to buy 7.2% stake in realty start-up Loyalie IT Solutions
Updated On : 17 Mar 2022 | 8:16 PM IST

HDFC Capital bets on low-cost housing, emerges the largest investor

Emerges the largest investor among home-grown funds

HDFC Capital bets on low-cost housing, emerges the largest investor
Updated On : 05 Mar 2022 | 6:10 AM IST

HDFC Capital in $1.22-billion deal for affordable housing fund

HDFC, Abu Dhabi Investment Authority commit $1.22 bn

HDFC Capital in $1.22-billion deal for affordable housing fund
Updated On : 24 Jan 2022 | 12:12 AM IST

HDFC Capital raises nearly $1.8 bn fund for affordable housing financing

HDFC Capital, a wholly-owned subsidiary of HDFC Ltd, has achieved the initial close of its third fund of $1.88 billion (about Rs 13,500 cr) focused on affordable housing.

HDFC Capital raises nearly $1.8 bn fund for affordable housing financing
Updated On : 23 Jan 2022 | 1:32 PM IST

Arvind SmartSpaces raises Rs 85 crore to pursue value accretive projects

Raises funds from HDFC Capital Affordable Real Estate Fund-1

Arvind SmartSpaces raises Rs 85 crore to pursue value accretive projects
Updated On : 10 Sep 2021 | 2:34 PM IST

Eldeco Infra, HDFC Capital float platform for low-rise plotted development

Projects will be undertaken by SPV with initial outlay of Rs 150 cr; two projects identified in Panipat and Faridabad with combined saleable area of 1.5 mn sft, potential sales of Rs 500 cr

Eldeco Infra, HDFC Capital float platform for low-rise plotted development
Updated On : 24 Aug 2021 | 2:53 PM IST

HDFC Capital invests Rs 275 cr in mid-income housing project of Kalpataru

First investment by fund manager in real estate after lockdown

HDFC Capital invests Rs 275 cr in mid-income housing project of Kalpataru
Updated On : 19 Jun 2020 | 2:40 AM IST

HDFC Capital Advisors looks to raise $1 billion in affordable housing fund

HDFC Capital Advisors guides HDFC Capital Affordable Real Estate Fund 1 (H-CARE 1) and H-CARE 2, in which ADIA is an anchor investor

HDFC Capital Advisors looks to raise $1 billion in affordable housing fund
Updated On : 30 Sep 2019 | 2:00 AM IST

HDFC Capital in talks with developers for affordable housing platform

HDFC Capital has floated at least five platforms for affordable housing with developers such as Mahindra Lifes­paces, Tribeca and Rustomjee

HDFC Capital in talks with developers for affordable housing platform
Updated On : 23 May 2019 | 1:32 AM IST