House of Abhinandan Lodha and HDFC Capital Inks JV Deal for Low Rise Apartments

House of Abhinandan Lodha and HDFC Capital Inks JV Deal for Low Rise Apartments

House of Abhinandan Lodha and HDFC Capital Partner for ₹1500 Crore Low-Rise Development Platform. The House of Abhinandan Lodha (HoABL) and HDFC Capital Affordable Real Estate Fund-3 (H-CARE 3) have joined forces to develop a new generation of low-rise housing projects across India. House of Abhinandan Lodha and HDFC Capital Inks JV Deal for Low Rise Apartments.

Key Details:

• Joint Venture Investment: Rs. 1500 crore
• Gross Development Value (GDV): Rs. 4500 crore
• Project Focus: New generation, low-rise developments in Tier 1 and Tier 2 cities
• Current Project Locations: Maharashtra, Goa, UP, and Himachal Pradesh (8 locations)

Partnership Significance:

• Combined Expertise: Leverages HoABL’s development experience and HDFC Capital’s financial resources.
• Shared Vision: Creating exceptional living experiences with a focus on architectural brilliance, sustainability, and affordability.
• Meeting Market Needs: Addresses the growing demand for mid-income housing in peripheral areas with improved connectivity.

About the Parties:

• The House of Abhinandan Lodha (HoABL): India’s largest branded land developer, known for its innovative approach to land ownership.
• HDFC Capital: A leading financial institution committed to supporting affordable housing initiatives.

Quotes:

• Abhinandan Lodha, Chairman, HoABL: “This joint venture allows us to redefine the low-rise development landscape by offering exceptional living experiences with a focus on affordability and sustainability.”
• Vipul Roongta, MD & CEO, HDFC Capital Advisors Limited: “We are excited to partner with HoABL to meet the rising demand for high-quality, low-rise housing projects at accessible prices.”

Overall Impact:

This collaboration signifies a significant development in the Indian real estate market. By combining their strengths, HoABL and HDFC Capital aim to provide high-quality, affordable housing options in growing areas, catering to the evolving needs of homebuyers.

 

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in