November 28, 2025 |
HDFC Capital Establishes Rs 1,000 Crore Platform With Hero Realty
HDFC Capital Advisors Limited, the real estate private equity arm of HDFC Group has established a Rs 1,000 crore platform with Hero Realty, the real estate arm of Hero Enterprise, to develop housing projects across Tier 1 and Tier 2 cities in India.
Founded in 2006, Hero Realty has delivered more than 8.4 million sq. ft. of residential developments and 200 acres of Industrial Parks. The company currently has 5 projects under development with 6.4 million sq. ft. of potential and an additional 8.0 million sq. ft. across 5 projects in the pipeline.
“We see potential in India’s Tier 1 and Tier 2 cities, where infrastructure growth and rising aspirations are driving demand for mid-income housing. This collaboration will enable housing development in towns that are well-connected and are extensions of major metros which serve as employment hubs,” said Vipul Roongta, MD & CEO, HDFC Capital.
Recently, Noida-based ATS HomeKraft, a mid-income housing developer, has repaid Rs 1,250 crore to HDFC Capital Affordable Real Estate Fund-2 through project cash flows.
The fund’s portfolio with ATS HomeKraft included projects comprising more than 7,500 units with a total sales value of Rs 8,000 crore.
“With this partnership with HDFC Capital, we will be able to scale faster into Tier 1 and Tier 2 cities, addressing the significant unmet demand for mid-income housing while delivering on our promise of superior living experiences,” said Rohit Kishore, CEO, Hero Realty.
Recently investment by HDFC Capital include Rs 1,150 crore with Provident Housing, Rs 1,500 crore with Eldeco group, Rs 1,300 crore with Total Environment, Rs 1,150 crore with Runwal Enterprises and Rs 1,450 crore with Kalpataru.
HDFC Capital, a subsidiary of HDFC Bank Limited, is the real estate private equity arm of the HDFC Group.
It is the investment manager to four category II alternative investment funds, which together create a $4.5 billion platform targeting the development of affordable and mid-income housing in India.
Source : ET
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