PE-RE Fund Investments
Realty developer Eldeco raises Rs.350-Cr more from HDFC Capital
New Delhi-headquartered Eldeco Infrastructure and Properties , a part of the Eldeco group, has raised INR 350 crore more from HDFC Capital Advisors Ltd for their joint platform to develop residential projects across India. The platform aims to generate INR 8,000 crore from 17 projects.The company has planned projects in Delhi, Gurugram, Ludhiana, Sonipat, and Goa, with INR 500 crore deployed in residential projects in Panipat, Sonipat, Ludhiana, Rudrapur, Rishikesh, Kasauli, Greater Noida (West) & Gurugram.In August 2021, the JV platform had raised INR 150 crore and then another INR 350 crore in September 2022 with the focus of developing projects in holiday destinations and tier 2 cities.
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