New Delhi, Apr 13 (PTI) Betting big on housing demand in smaller towns, HDFC Capital will invest ₹1,500 crore in Eldeco Group’s upcoming 18 residential projects across tier II-III cities with a total revenue potential of about ₹11,000 crore. HDFC Capital Advisors Ltd, the real estate private equity arm of HDFC Group, has created a real estate development platform in partnership with Delhi-based Eldeco Group, which will develop 18 residential projects in tier II-III towns across various states, including Haryana, Punjab, Himachal Pradesh, and Uttarakhand. The total development area in these 18 projects will be more than 10 million (100 lakh) square feet with a “combined revenue potential of about ₹11,000 crore”, HDFC Capital said. “We will be infusing ₹1,500 crore in this joint platform with Eldeco Group,” said Vipul Roongta, Managing Director & CEO of HDFC Capital. Last month, HDFC Capital invested ₹1,300 crore in a platform with realty firm Total Environment for development of ₹10,000-crore worth housing projects in Bengaluru. Commenting on the deal with Eldeco, Roongta said, “We are bullish on the potential of tier-2 and tier-3 towns situated within a 300-km radius of major metropolitan areas. Our partnership with Eldeco aligns with our long-term vision of catalysing the development of sustainable aspirational housing for India’s expanding middle class.” He noted that the collaboration is aimed at leveraging the growing infrastructure development in these regions, which is bringing these towns closer to the metro cities and employment hubs. “Eldeco has a successful track record of developing townships in tier-2 and 3 towns and we’re excited to partner with them,” Roongta said. The towns where these housing projects will come up include Panipat and Sonipat in Haryana; Rudrapur (Uttarakhand); Ludhiana (Punjab); Kasauli (Himachal Pradesh); and Rishikesh (Uttarakhand). HDFC Capital noted that this platform underscores the company’s continued commitment to bridging India’s housing gap through the development of high-quality residential communities, particularly in emerging tier-II and tier-III towns. Pankaj Bajaj, Chairman & Managing Director of Eldeco Group, said, “This investment allows us to accelerate our expansion into high-growth markets that are increasingly being connected to India’s economic centres. There is a huge unmet demand for quality housing in tier-2 & 3 cities across India.” “There is just not enough supply. In this platform with HDFC Capital, we will be able to address some of this demand in cities of North India,” Bajaj said. The platform with HDFC Capital is with Eldeco Infrastructure & Properties Ltd (EIPL), the unlisted arm of the Eldeco Group. Promoted by Pankaj Bajaj, the group also operates the listed Eldeco Housing & Industries Ltd in the Lucknow market under a brand licence agreement with EIPL. HDFC Capital, a subsidiary of HDFC Bank, is the real estate private equity ar in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. Follow these steps: 1. **Create an SEO Title**: Write a short, compelling title (under 60 characters) that includes the main keyword and grabs attention. 2. **Write a Meta Description**: Summarize the article in one or two sentences (under 155 characters). Make it engaging and include the primary keyword naturally. 3. **Suggest a URL Slug**: Provide a short, keyword-rich URL slug that reflects the topic of the article. 4. **Headline (H1)**: Write a clear and engaging headline for the article that is similar to the title but slightly expanded. 5. **Write the Article**: – Start with an introduction that answers the key questions: who, what, when, where, why, and how. – Expand on the topic with detailed paragraphs that provide context, quotes, and relevant information. – Use subheadings (H2) to organize the content into sections and make it easy to read. – Include related keywords naturally throughout the article. – End with a conclusion that summarizes the key points or discusses future implications. 6. **Add an FAQ Section**: Write one frequently asked question related to the topic and provide a concise answer. Important: – Do not include labels like “Title,” “Meta Description,” “URL Slug,” or “H1” in the actual article text. – Keep all SEO elements separate from the main content. – Ensure the article is factually accurate, unbiased, and written in a professional tone.
HDFC Capital plans to invest ₹1,500 crore in collaboration with Eldeco to develop homes worth ₹11,000 crore in smaller cities.
