HDFC Capital creates ₹1.5K cr platform with Eldeco, aims ₹11K cr revenue

HDFC Capital has created a ₹1,500 crore platform in partnership with Eldeco, aiming for a revenue of ₹11,000 crore. This collaboration signifies a significant development in the real estate sector, combining the financial strength of HDFC Capital with Eldeco's project execution capabilities. The platform will likely focus on developing residential or commercial projects, leveraging the expertise of both entities. The ambitious revenue target indicates the scale and potential impact of this joint venture on the real estate market. This strategic alliance reflects the trend of consolidation and collaboration among major players to undertake large-scale developments.