Liquidity Events
HDFC Capital exits Total Environment project in Bengaluru with Rs.298-Cr return
HDFC Capital, the real estate private equity arm of HDFC Group, has exited from a Total Environment project in Bengaluru, with a return of close to INR 300 crore.HDFC Capital had invested INR 229 crore in a residential apartment project located in Whitefield, Bangalore. The Investment was against development of 1 million sq ft of residential apartments in the project named “Pursuit of a Radical Rhapsody''. The project comprised 4.4 million sq ft of residential and 500,000 sq ft of commercial development.In addition to this transaction, Total Environment has returned INR 250 crore against other investments by HDFC Capital in FY 2023-24.Total Environment was founded in 1996 and has delivered 5.5 million sq ft of residential and commercial space and about 14 million sq ft is currently under construction.
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