HDFC Capital Advisors invests over Rs 1,550 crore in six projects of SP Real Estate

Other projects include three planned development projects in the outskirts of Pune and a villa project that is part of the company's broader planning in the Hadapsar district of Pune.

While all approvals for the Central Mumbai project have now been obtained, permits for other projects are expected soon.

Prior to this partnership, in August, HDFC Capital Advisors signed an agreement with Ahmedabad-based Lalbhai Group Arvind SmartSpaces to create a Rs 900 crore platform to carry out residential developments.

The ongoing consolidation in the Indian real estate sector is gathering further momentum as certified developers continue to gain more market share in terms of sales and liquidity, as homebuyers increasingly prefer developers with a history of foreclosure. and a solid financial position.

Institutional investors also support such projects and developers due to the potential for a significant boost to bookings and sales, ensuring the potential for higher returns.

Shapoorji Pallonji Real Estate forms an important part of the Shapoorji Pallonji Group, a multi-company conglomerate. With a development potential of over 113 million square feet, the developer is working on projects in Mumbai, Pune, Bengaluru, Gurgaon and Kolkata.

The company has projects in all sectors, including luxury apartments, ambitious homes for middle-income homebuyers, and group housing projects.

 HDFC Capital, founded in 2016, is the investment manager of HDFC Capital Affordable Real Estate Funds 1, 2 and 3, which comply with the government's "Housing for All" initiative.

It operates a $3 billion financing platform that has been ranked as one of the world's largest private financing platforms focused on affordable housing development.

Funds managed by HDFC Capital provide flexible, long-term financing throughout the lifecycle of affordable and middle-income housing projects, including early-stage financing. 

HDFC Capital's goal is to finance the development of one million affordable homes in India through a combination of innovative financing, partnerships and technology, with a focus on sustainability.

HDFC Property Ventures and HDFC Venture Capital, wholly owned by HDFC, recently approved a plan to merge with HDFC Capital Advisors. The combined platform will advise and manage some $4.1 billion in assets, making it the largest private equity firm in India.

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