HDFC Capital, Arvind SmartSpaces realty platform likely to create Rs 5,000 cr revenue potential
The realty developer, part of the Ahmedabad-headquartered Lalbhai Group, entered into an agreement with HDFC Capital Advisors, earlier this month, to set up a Rs 900-crore platform to undertake residential developments. HDFC Capital Affordable Real Estate Fund - 3 (HCARE-3) will be investing Rs 600 crore, while Arvind SmartSpaces will infuse Rs 300 crore in this joint investment and development platform.