HDFC Capital, DivyaSree set up ₹1,500 cr fund to build housing projects ...Middle East

HDFC Capital has partnered with realty firm DivyaSree Developers to set up a Rs 1,500 crore platform for building residential projects. In a statement on Monday, Bengaluru-based DivyaSree Developers said it has partnered with HDFC Capital Advisors Ltd to "establish an Rs 1,500 crore residential platform in India." The partnership will provide DivyaSree growth capital to support the acquisition and development of residential projects over the next three to four years with the potential revenue of Rs 6,750 crore. The projects would be developed in Bengaluru, Hyderabad and Chennai. Vipul Roongta, Managing Director and CEO, HDFC Capital, said, "India's residential real estate sector continues to offer strong opportunities for institutionally backed development, supported by sustained demand for high-quality housing across urban markets." DivyaSree Developers has a strong track record in real estate development, deep market understanding and a commitment to quality execution, he ...

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