HDFC Capital Aims to Invest $2 Billion in Affordable Housing by 2025
HDFC Capital plans to allocate over $2 billion to affordable and mid-income housing in India's major property markets by 2025, addressing supply-side constraints and supporting the government's 'Housing for All' goal.
Affordable HousingHdfc CapitalAbu Dhabi Investment AuthorityReal EstateHousing For AllReal Estate MumbaiJul 10, 2024
The company plans to deploy at least $1 billion annually over the next two years in affordable and mid-income housing projects across cities like Mumbai, Delhi NCR, Bengaluru, Pune, Hyderabad, Chennai, Kolkata, and Ahmedabad. This investment will support the development of affordable housing units, contributing to the government's 'Housing for All' goal.
Established in 2016, HDFC Capital provides flexible, long-term capital to developers for affordable housing development. The company's portfolio offers units starting from Rs 12.50 lakh, with around 40% of units priced below Rs 42 lakh. HDFC Capital has invested in over 175 projects, contributing to the development of over 250,000 units.
Information HDFC Capital manages a $3.5 billion funding platform and serves as the investment manager for HDFC Capital Affordable Real Estate Funds 1, 2, and 3. ADIA, holding a 10% stake in HDFC Capital Advisors, is the primary investor in these funds, marking its first global investment in a fund manager.
HDFC Capital is a leading investment manager dedicated to providing flexible, long-term capital to developers for affordable housing development. The company aims to support the Indian government's 'Housing for All' goal by financing the construction of affordable homes across the country.
Frequently Asked Questions
What is HDFC Capital's investment plan for affordable housing?
HDFC Capital plans to invest over $2 billion in affordable and mid-income housing in India's top 15 cities by the end of 2025.
Who is the key investor in HDFC Capital's affordable housing projects?
The Abu Dhabi Investment Authority (ADIA) is the key investor in HDFC Capital's affordable housing projects.
What is the goal of HDFC Capital's affordable housing initiative?
HDFC Capital aims to finance the construction of 1 million affordable homes in India through partnerships with various developers.
What is the price range of units in HDFC Capital's portfolio?
Units in HDFC Capital's portfolio start from Rs 12.50 lakh, with around 40% of units priced below Rs 42 lakh.
What is the significance of HDFC Capital's investment in affordable housing?
HDFC Capital's investment in affordable housing supports the Indian government's 'Housing for All' goal and addresses supply-side constraints in the real estate market.
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