HDFC Capital exits with Rs 298 crore return from Total Environment project in Bengaluru. HDFC Capital had invested Rs 229 crore in a residential apartment project located in Whitefield, Bangalore. The Investment was against development of 1mn sf of residential apartments in the project named “Pursuit of a Radical Rhapsody”
The project comprised of 4.4mn sf of residential and 500,000 sf of commercial development. In addition to the above, Total Environment has returned Rs 250 crore against other investments by HDFC Capital in FY 2023-24.
“The successful exit of the equity investment highlights our strategy of partnering with top rated developers with a good track record of development and delivery with focus on high quality homes in India,” as per Kunal Wadhwani, Principal Investments, HDFC Capital.
