HDFC Capital creates Rs 1,500 crore residential platform with DivyaSree Developers

Bengaluru-headquartered DivyaSree Developers has partnered with HDFC Capital Advisors Limited, the real estate private equity arm of the HDFC Group, to establish an Rs 1,500 crore residential platform in India.

This will provide will provide growth capital to DivyaSree Developers to support the acquisition and development of residential projects over the next three to four years with a potential GDV of Rs 6,750 Crore.

“India’s residential real estate sector continues to offer strong opportunities for institutionally backed development, supported by sustained demand for high-quality housing across urban markets. DivyaSree Developers brings a strong track record in real estate development, deep market understanding and a commitment to quality execution,” said Vipul Roongta, Managing Director and CEO, HDFC Capital.


The platform is expected to strengthen DivyaSree Developers’ residential pipeline and support the business in pursuing new opportunities across high-growth urban markets. Two term sheets for individual residential projects have already been entered into and are expected to be finalised over the next two to three months, following which the projects will be announced individually.

“We are now in a phase where every part of the business is set for its next stage of growth. This partnership with HDFC Capital reflects that ambition and the confidence in the growth we have planned for DivyaSree in the years ahead,” said Bhaskar N Raju, Chairman and CEO, DivyaSree Developers.

Headquartered in Bengaluru, DivyaSree Developers has IT corridors across Bengaluru, Hyderabad and Chennai. The Group has delivered approximately 30 million sq.ft. of premium real estate.

“This platform gives us the capital and momentum to move faster on that plan. Our vision is to build a residential portfolio known for well-planned communities in the cities where demand is strongest, starting with Bengaluru, Hyderabad and Chennai and expanding into other high-growth urban markets. Our existing land bank coupled with the acquisitions under theplatform will help us build a steady pipeline of launches over the next three to four years,“ said Avinash Suresh, Chief Executive Officer – Residential Real Estate, DivyaSree Developers.

HDFC Capital is the investment manager to multiple Sebi-registered and IFSCA-registered Category II alternative investment funds. These funds have a combined platform of $5 billion.