HDFC Capital raises over Rs.500-Cr in first close of proptech fund

HDFC Capital Advisors has raised over INR 500 crore as the first close of its property technology fund - HDFC Affordable Real Estate and Technology Program (HeART) - from global investors focused on startups that drive efficiencies within the affordable housing ecosystem. HeART is looking to provide a platform to real estate technology companies with innovative products that would create competencies at lower costs in each phase of the development cycle of a real estate project.