HDFC Capital, the real estate private equity arm of HDFC Group, has partnered with Total Environment, one of South India’s leading real estate developers, to form a ₹1,300 crore platform for the development of high-quality homes in Bangalore.
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| Image - Glassdoor |
This strategic collaboration will add an additional 6.5 million square feet of new residential projects to the ongoing 16 million square feet of residential projects being developed by Total Environment. The new residential projects will have a combined GDV of ₹10,100 crores, which will be delivered over the next four to five years.
The partnership will develop sustainable greenfield residential projects enhancing the city’s housing landscape by providing quality living spaces for its residents.
Commenting on the transaction, Vipul Roongta, Managing Director & CEO, HDFC Capital said, “HDFC Capital is committed to strengthening our partnership with trusted real estate developers with an established track record. Our collaboration with Total Environment helps address the significant demand for sustainable, high-quality homes for mid-income and upper mid-income households in India.”
The partnership will develop sustainable greenfield residential projects enhancing the city’s housing landscape by providing quality living spaces for its residents.
Commenting on the transaction, Vipul Roongta, Managing Director & CEO, HDFC Capital said, “HDFC Capital is committed to strengthening our partnership with trusted real estate developers with an established track record. Our collaboration with Total Environment helps address the significant demand for sustainable, high-quality homes for mid-income and upper mid-income households in India.”
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| Vipul Roongta |
Kamal Sagar, Founder, Total Environment, expressed his views on the collaboration, stating, "We are glad to build upon and deepen our long-standing partnership with HDFC Capital. The investment provides long-term and flexible capital to fund and develop large, vibrant residential communities, and includes investment into some of our ongoing projects to help deliver them faster. This collaboration will help further our mission to continuously improve our products and services through care and craftsmanship.”
This platform marks the fourth investment by HDFC Capital in Total Environment, highlighting their strategy of partnering with top-rated developers. Two of the three existing investments have resulted in successful exits, creating significant value for all stakeholders.
HDFC Capital, a subsidiary of HDFC Bank Ltd, is the real estate private equity arm of HDFC Group. HDFC Capital is aligned with the Government of India’s ‘Housing for All’ initiative and is focused on financing the development of affordable and mid-income homes in a sustainable manner. HDFC Capital also seeks to promote innovation and the adoption of new technologies within the real estate sector by investing in and partnering with technology companies.
HDFC Capital is the investment manager to four SEBI registered Category II Alternative Investment Funds. These funds combine to create a US$ 4.2 billion platform targeting the development of affordable and mid-income housing in India.
Total Environment was founded in 1996 as a forward integration initiative by design firm Shibanee + Kamal Architects, with the simple goal of creating homes that are actually designed for the people that will live in them. “Each custom-designed home is built with Care & Craftsmanship, based on our principles of People-Centred Design” says Kamal. The company has also backward integrated into production of furniture, doors and windows, metalworks and several other parts of its supply chain and also manages its properties for life.
Total Environment has delivered 5.5 million square feet of residential and commercial space to date, and is the world’s largest developer of furnished homes with custom designed interiors, and has 4,800 custom designed homes and a total of 16 million square feet under construction currently and recorded sales bookings of INR 3007 cr. [US $350 Mn] in calendar year 2024.
This platform marks the fourth investment by HDFC Capital in Total Environment, highlighting their strategy of partnering with top-rated developers. Two of the three existing investments have resulted in successful exits, creating significant value for all stakeholders.
HDFC Capital, a subsidiary of HDFC Bank Ltd, is the real estate private equity arm of HDFC Group. HDFC Capital is aligned with the Government of India’s ‘Housing for All’ initiative and is focused on financing the development of affordable and mid-income homes in a sustainable manner. HDFC Capital also seeks to promote innovation and the adoption of new technologies within the real estate sector by investing in and partnering with technology companies.
HDFC Capital is the investment manager to four SEBI registered Category II Alternative Investment Funds. These funds combine to create a US$ 4.2 billion platform targeting the development of affordable and mid-income housing in India.
Total Environment was founded in 1996 as a forward integration initiative by design firm Shibanee + Kamal Architects, with the simple goal of creating homes that are actually designed for the people that will live in them. “Each custom-designed home is built with Care & Craftsmanship, based on our principles of People-Centred Design” says Kamal. The company has also backward integrated into production of furniture, doors and windows, metalworks and several other parts of its supply chain and also manages its properties for life.
Total Environment has delivered 5.5 million square feet of residential and commercial space to date, and is the world’s largest developer of furnished homes with custom designed interiors, and has 4,800 custom designed homes and a total of 16 million square feet under construction currently and recorded sales bookings of INR 3007 cr. [US $350 Mn] in calendar year 2024.
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