Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
HDFC Capital, L&T Realty in talks to set up Rs.4,000-Cr AIF for mid-market residential projects
Mortgage lender Housing Development Finance Corporation's (HDFC) private equity real estate arm HDFC Capital Advisors and engineering major Larsen & Toubro's property development company L&T Realty are in talks to set up an INR 4,000 crore residential development and investment platform. The joint platform will be structured as an Alternative Investment Fund (AIF) and will invest in mid-market residential projects across the country. Both HDFC Capital Advisors and L&T Realty will be infusing equity into this platform and the developer will be responsible for execution of the projects in which the joint entity will be making investments. The platform will raise the fund from markets after factoring the exact equity infusion by HDFC Capital and L&T Realty.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.