HDFC Capital, a subsidiary of HDFC Bank Ltd, exited a Total Environment project in Bangalore, yielding a return of close to Rs 300 crore. The investment of Rs 229 crore was for a residential apartment project in Whitefield called "Pursuit of a Radical Rhapsody". Total Environment, founded in 1996, boasts a track record of delivering 5.5 million sft of residential and commercial space, with 14 million sft currently under construction. The successful exit reflects HDFC Capital s strategy of partnering with reputable developers to focus on high-quality homes in India.
HDFC bank Q2 net jump: On a standalone basis, the largest private sector lender s net profit rose by over 20.1 per cent to Rs 10,605.78 crore as against Rs 8,834.31 crore in the year-ago period and Rs 9,196 crore in the preceding June quarter.