The development platform with HDFC Capital is looking to deepen the presence in the existing regions and will also deploy capital by exploring more property markets.HDFC Capital, a subsidiary of HDFC Bank, is the real estate private equity arm of HDFC Group.HDFC Capital Advisors will be investing in this new platform through HDFC Capital Affordable Real Estate Fund-3 and the Investment is expected to result in a gross development value (GDV) of over Rs 4,500 crores.This has resulted in an upsurge in plotted development and holiday home projects in peripheral areas of tier I cities and scenic locations in proximity to metro cities.Earlier this year, HoABL had announced its plan to invest over Rs 11,000 crore to acquire and develop land parcels across the country over the next 3-4 years in a bid to capture the rising demand for plotted developments and land investments.
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