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HDFC Capital contributes Rs 1,450 crore to Kalpataru’ s portfolio

HDFC Capital acquired Rs 1,450 crore in the portfolio of projects and land parcels owned by real estate developer Kalpataru in one of the biggest investment deals in the residential sector. The money would be used by Kalpataru to build apartments for residents in new mid-income developments as well as to help them finish current ones in Pune and the Mumbai Metropolitan Area. According to sources, the transaction is complete and funding for the agreed projects will soon begin to be distributed.

HDFC Capital is a private equity fund management company based in India. It is a subsidiary of HDFC, one of the largest financial institutions in the country. HDFC Capital focuses on investing in real estate projects and affordable housing initiatives across India. The company manages multiple funds with a total corpus of over $1.3 billion and has invested in over 30 real estate projects. HDFC Capital aims to support the Indian government's vision of providing affordable housing for all and has played a significant role in financing and developing affordable housing projects in the country.

Kalpataru is a well-known Indian real estate company that has been operating for over five decades. Founded in 1969, the company has grown to become one of India's leading real estate developers, with a presence in Mumbai, Pune, Thane, and other major cities. Kalpataru has delivered over 100 projects, ranging from residential apartments to commercial complexes, IT parks, and retail spaces. The company is known for its commitment to quality, innovation, and sustainability, and has won numerous awards for its projects. Kalpataru is also involved in philanthropic activities and has set up the Kalpataru Foundation, which focuses on education, healthcare, and community development initiatives.

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