HDFC Capital Advisors Ltd has partnered with Hero Realty to create a Rs 1,000 crore platform aimed at developing real estate projects across India. HDFC Capital Advisors, the real estate private equity arm of the HDFC Group, and Hero Realty, the real estate arm of Hero Enterprise, will jointly invest in high-quality housing developments.
In a statement issued on Thursday, the company said the new platform will focus on residential projects in Tier I and Tier II cities, supporting the growing demand for modern housing in these markets.