HDFC Capital Advisors and HoABL form alliance to set up joint venture of 1,500 crore for low-rise projects

HDFC Capital Advisors and the House of Abhinandan Lodha (HoABL) have formed an alliance to set up a joint venture platform with investments of over 1,500 crore to undertake both plotted developments and low-rise projects across key property markets in India.

HDFC Capital Advisors will be investing in this new platform through HDFC Capital Affordable Real Estate Fund-3 and the Investment is expected to result in a gross development value (GDV) of over 4,500 crore. "We believe there is a significant unmet demand for mid-income low-rise housing in the peripheral areas of tier 1 cities and tier 2 cities, driven by improved connectivity on the back of rapid development of road, rail and air infrastructure projects across India," said Vipul Roongta, MD & CEO, HDFC Capital Advisors.

According to him, through this platform, HDFC Capital will continue to focus on partnering with trusted realty brands to meet the increasing demand for high-quality low-rise developments at affordable prices. "The joint venture with HDFC Capital is a testament to our shared vision of creating exceptional living experiences. By combining our expertise and resources, we are set to redefine the landscape of branded low-rise projects. Our commitment to architectural brilliance, sustainable development, and uncompromising quality aligns perfectly with the values that HDFC Capital represents," Abhinandan Lodha, chairman, HoABL, told.