India Digest: HDFC Capital to ink 3 housing JVs; EWPL draws investor interest

India Digest: HDFC Capital to ink 3 housing JVs; EWPL draws investor interest

HFDC Capital is planning new investment platforms targeting the affordable housing segment while a clutch of investors have shown interest in joining Brookfield for the acquisition of East West Pipeline.

HDFC Capital plans new investment platforms for affordable housing

HDFC Capital is planning to form three joint venture platforms with real estate developers for investments in the affordable housing space, per a Business Standard report quoting sources. HDFC Capital is said to have agreed to form a platform deal with Mumbai-based Rustomjee and is in talks with two other developers for similar deals. Last year, The National Investment and Infrastructure Fund (NIIF)’s Fund of Funds invested $90 million in HDFC Capital Advisors Ltd’s real estate investment platform HDFC Capital Affordable Real Estate – 2 (H-CARE 2).

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