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.
Keshav, a resident deeply involved in the efforts to thwart the tree cutting, recounted the events. “The BBMP officials and KFD officials came immediately and stopped the work. It was pretty instant. The people cutting the tree had to get official authorization from KFD which they didn’t have.”
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