HDFC Capital Advisors, the real estate investment arm of HDFC Group.

Has partnered with Eldeco Infrastructure & Properties to establish a ₹1,500 crore platform aimed at developing 18 residential projects across tier 2 and tier 3 towns. Spanning over 10 million sq ft, the projects have a combined revenue potential of ₹11,000 crore. These developments will take place in cities like Panipat, Sonipat, Rudrapur, Ludhiana, Kasauli, and Rishikesh. HDFC Capital CEO Vipul Roongta emphasized the opportunity in towns within 300 km of major metros, citing infrastructure growth. Eldeco Group CMD Pankaj Bajaj highlighted the high unmet demand for quality housing in smaller cities, where supply has not kept pace with rising demand.