Wednesday, Apr 2 2025 | Time 07:16 Hrs(IST)
Business Economy


HDFC Capital partners with Total Environment to form Rs 1,300 cr platform

Hyderabad, Mar 24 (UNI) HDFC Capital, the real estate private equity arm of HDFC Group, on Monday said it has partnered with Total Environment, one of South India’s leading real estate developers, to form a Rs 1,300 crore platform for the development of high-quality homes in Bengaluru.
This strategic collaboration will add an additional 6.5 million square feet of new residential projects to the ongoing 16 million square feet of residential projects being developed by Total Environment, a release said here.

The new residential projects will have a combined GDV of Rs 10,100 crores, which will be delivered over the next four to five years.
The partnership will develop sustainable greenfield residential projects enhancing the city’s housing landscape by providing quality living spaces for its residents.
Commenting on the transaction, Vipul Roongta, Managing Director & CEO, HDFC Capital said, “ Our collaboration with Total Environment helps address the significant demand for sustainable, high-quality homes for mid-income and upper mid-income households in India.”
Kamal Sagar, Founder, Total Environment,Executive said "We are glad to build upon and deepen our long-standing partnership with HDFC Capital. The investment provides long-term and flexible capital to fund and develop large, vibrant residential communities, and includes investment into some of our ongoing projects to help deliver them faster. This collaboration will help further our mission to continuously improve our products and services through care and craftsmanship.”
This platform marks the fourth investment by HDFC Capital in Total Environment, highlighting their strategy of partnering with top-rated developers. Two of the three existing investments have resulted in successful exits, creating significant value for all stakeholders.
UNI KNR CS
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