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Eldeco Housing & Industries net profit dips 21 54% in Q4 FY24, ET RealEstate

Eldeco Housing & Industries net profit dips 21 54% in Q4 FY24, ET RealEstate
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Eldeco and HDFC Capital infuse additional funding of ₹350 cr in joint platform

HDFC Capital: Realty developer Eldeco raises Rs 350 crore from HDFC Capital

Eldeco Infrastructure and Properties, part of the Eldeco group, has raised Rs 350 crore from HDFC Capital Advisors Limited for their joint platform to develop residential projects across India. The platform aims to generate Rs 8,000 crore from 17 projects. The company has planned projects in Delhi, Gurugram, Ludhiana, Sonipat, and Goa, with Rs 500 crore deployed in residential projects in Panipat, Sonipat, Ludhiana, Rudrapur, Rishikesh, Kasauli, Greater Noida (West) & Gurugram.

Eldeco Infrastructure and Properties secures Rs 350-crore funding from HDFC Capital

Eldeco and HDFC Capital joint platform’s cumulative revenue potential across 17 projects is estimated to be Rs 8,000 crore. Out of this, projects with estimated revenue of Rs 2,000 crore have already been launched in Panipat, Sonipat, Rishikesh and Kasauli.

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