Home / Business and Economy / HDFC Capital Bags Rs 1,100 Cr Early Exit from Lodha Projects
HDFC Capital Bags Rs 1,100 Cr Early Exit from Lodha Projects
15 Nov
Summary
- HDFC Capital exited investments worth over Rs 1,100 crore.
- Exits occurred ahead of schedule due to early project deliveries.
- The joint platform backed 12 plotted and low-rise housing projects.
HDFC Capital Advisors has successfully completed exits exceeding Rs 1,100 crore from its investments in House of Abhinandan Lodha (HoABL) projects. These exits, achieved ahead of schedule, were facilitated by strong cash flows generated from early project completions.
The investment platform, established in 2023 with an initial commitment of approximately Rs 1,500 crore from HDFC Capital, has focused on plotted developments and low-rise residential projects. It has so far invested in 12 such projects and is considering three additional opportunities.
Projects from which HDFC Capital secured exits include developments in Ayodhya, South Mumbai's American Centre, Naigaon, Neral, and two locations in Goa (Vasco and Bicholim). The firm continues to hold investments in other platform projects, including a second phase in Ayodhya, and developments in Mashobra, Khopoli, and Amritsar.
Founded in 2020, HoABL specializes in branded land developments and has a significant footprint across five states, with substantial square footage under development and a customer base exceeding 8,500. The company is set to deliver 7.5 million sq ft of developed land ahead of schedule this year.
