PE-RE Fund Investments
Eldeco partners HDFC Capital to form Rs.350-Cr fund for housing projects
Eldeco Infrastructure and Properties Ltd (EIPL) and HDFC Capital Affordable Real Estate Fund 3 (H-CARE 3) will jointly invest INR 350 crore to a residential investment platform. The platform will initially invest INR 175 crore in four residential developments in Delhi-NCR, Himachal Pradesh and Uttarakhand. Earlier, Eldeco Group had partnered with HDFC Capital Affordable Real Estate Fund 1 (H-CARE 1) to set up an INR 150 crore platform for the development of low-rise and plotted development projects.
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