The pandemic underscored the need for larger spaces where family members could get on with their daily routines without getting in each other s way. This trend has endured post-pandemic and houses have become larger in gated communities, with an expanding list of add-on features for work and living.
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.
These will be all mid-segment and affordable category units which were launched in 2021-22 in Gurugram and Sohna. These projects have revenue recognition of Rs 11,000 crore.