HDFC Capital Advisors

HDFC Capital Advisors on Monday said it has acquired an 8.5 per cent stake in Truboard Technologies Pvt Ltd. TruBoard has developed a technology platform called TruGenie for real estate asset management which aims to address the needs of investors, asset owners and developers. TruGenie is currently being used by some of the top private banks and real estate funds, a statement said. "Our investment in TruBoard is part of the H@ART initiative which has been set up to invest and partner in technology companies that bring efficiencies in the real estate ecosystem," Vipul Roongta, Managing Director and CEO of HDFC Capital, said. TruBoard Co-Founder Vipul Thakore said this strategic investment by HDFC Capital is a testament to our vision and the value we bring to the industry. This strategic investment will help in accelerating technology enhancements, expand market reach, and ensure robust infrastructure and customer support for future growth, the statement added.

To ensure housing for all, the chiefs of housing financiers pinned their hopes on the reintroduction of a scheme similar to the credit-linked subsidy scheme (CLSS), which ended in December 2023

Realty firm Tribeca Developers has tied up with Tejukaya Group to build a luxury housing project in Mumbai with Rs 1,000 crore investment and has raised Rs 200 crore from HDFC Capital for the project. Tribeca Developers is the largest developer of Trump branded projects in the world. "We have entered into a joint development agreement with Tejukaya Group to develop a 2.5-acre residential project in Parel, South Mumbai. We will develop over 400 units in this project," Tribeca Developers founder Kalpesh Mehta told PTI. Asked about the investment, Mehta said it will be around Rs 1,000 crore. "HDFC Capital is backing the project with Rs 200 crore of financing," he said, adding the company would also take construction finance. Mehta said the company is expecting Rs 1,800 crore sales realisation from this project. He said the two partners will share revenue. This is Tribeca's first project in Mumbai which will be launched in the first quarter of the next fiscal year. The 2.5-acre lan

HDFC Ltd on Wednesday said that the market regulator Sebi has cleared a proposal for change in control of HDFC Capital Advisors Limited (HCAL). Sebi vide its letter dated April 10, 2023 to HCAL, a subsidiary of HDFC Limited and a co-investment portfolio manager, has granted its approval for the proposed change in control of HCAL, subject to certain conditions mentioned in the said letter, HDFC said in a regulatory filing. The proposed amalgamation is subject to receipt of final approvals from Securities and Exchange Board of India (Sebi) in respect of change in control of certain subsidiaries of HDFC Limited, it said. As per the proposed composite scheme of amalgamation, it said, HDFC Investments Limited and HDFC Holdings Limited, wholly-owned subsidiaries of Housing Development Finance Corporation Limited (HDFC Limited) would be first merged into HDFC Limited and subsequently into HDFC Bank. HDFC has already received the required approvals from the Securities and Exchange Board, .

The National Company Law Tribunal (NCLT) on Friday gave its approval for the merger of HDFC Property Ventures and HDFC Venture Capital with HDFC Capital Advisors, taking the merger of the parent with HDFC Bank a step closer. The tribunal is yet to approve the merger of its two insurance arms and the asset management company as also the patent into the bank as part of the USD 40-billion reverse merger. In its final order, the NCLT sanctioned a composite scheme of amalgamation of HDFC Property Ventures and HDFC Venture Capital into HDFC Capital Advisors, HDFC said in an exchange filing. The amalgamation will result in simplification, streamlining and optimisation of the group structure and efficient administration, the order said. Early this week, the tribunal had reserved the order for its approval of the HDFC and HDFC Bank merger after the parties sought 180 days more for the process. HDFC has already received the required approvals from the Securities and Exchange Board, sharehol

HDFC Capital Advisors, a subsidiary of mortgage lender HDFC, has raised over Rs 500 crore through global investors

This is the second investment by ADIA in entities working in housing finance space in FY23. Last month, it concluded a deal to pick up 10% in HDFC Capital Advisors for Rs 184 cr

The country's largest mortgage lender HDFC Ltd on Thursday said it has sold 10 per cent of its stake in HDFC Capital Advisors Ltd (HCAL) to Abu Dhabi Investment Authority for Rs 184 crore. With this, HCAL ceases to be a wholly-owned subsidiary of HDFC. In April, Housing Development Finance Corporation (HDFC) had entered into a share purchase agreement for sale of 2,35,019 equity shares of HCAL, representing 10 per cent of paid-up share capital, to a wholly-owned subsidiary of Abu Dhabi Investment Authority. "We wish to inform you that the corporation has on May 25, 2022 concluded the sale, at a price of Rs 7,841.49 per equity share, aggregating to a consideration of Rs 184.29 crore," HDFC said in a regulatory filing. Pursuant to this sale, HCAL has ceased to be a wholly-owned subsidiary of HDFC. However, it continues to be a subsidiary of the corporation, it added. Stock of HDFC traded at Rs 2,282 apiece on BSE during noon trade, up by 1.99 per cent from previous close.

HDFC Capital is a wholly owned subsidiary of HDFC and is in the business of managing private equity funds focused on the real estate sector in India.

Plans to build homes in the Rs 10 lakh to Rs 20 lakh category on the peripheries of large and tier II cities

HDFC Capital Advisors guides HDFC Capital Affordable Real Estate Fund 1 (H-CARE 1) and H-CARE 2, in which ADIA is an anchor investor

On Monday, Rustomjee announced that it has tied up with Ikea to furnish its 1,200 houses in Global City, which has a debt funding from Piramal Enterprises

It has identified 15 residential projects of big realtors such as Godrej, Mahindra Lifespace