HDFC Capital raises $1.22 billion in funding


Posted on 23 January 2022


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HDFC Capital, a wholly owned subsidiary of HDFC Ltd, announced that it has raised $1.22 billion for its third affordable housing fund, the HDFC Capital Affordable Real Estate Fund – 3 (H-CARE-3). H-CARE 3 would generate a total fund corpus of $1.88 billion when combined with prospective reinvestments by the fund. HDFC Capital is HDFC Ltd's real estate private equity arm. The fund would provide long-term, flexible finance for affordable and middle-income housing projects at all stages of their development, including early-stage investment. It will also invest in technology companies involved in the affordable housing ecosystem (construction technology, fin-tech, and clean-tech). HDFC Capital's goal is to fund the construction of one million affordable homes in India through a mix of creative financing, partnerships, and technology, all while focusing on long-term sustainability. To achieve this goal, the company is in talks with top international investors about raising more capital to invest in affordable housing in India.


Key Points

  • HDFC Capital, a wholly owned subsidiary of HDFC Ltd, announced that it has raised $1.22 billion for its third affordable housing fund, the HDFC Capital Affordable Real Estate Fund – 3 (H-CARE-3).

  • The fund would provide long-term, flexible finance for affordable and middle-income housing projects at all stages of their development, including early-stage investment.


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