The House of Abhinandan Lodha (HoABL) has prepaid a ₹1,100 crore loan to HDFC Capital Advisors before its due date, closing HDFC Capital’s investment exposure across multiple plotted and low-rise housing projects, the real estate company said in a statement on Sunday.
The repayment represents the principal amount returned to HDFC Capital under a joint investment platform established by the two companies in 2023. The platform was created to invest in plotted developments and low-rise projects across metros, Tier II cities and emerging markets in India.
HDFC Capital had committed around ₹1,500 crore to the platform across 11 projects. HoABL said it has returned around ₹1,100 crore to HDFC Capital to date. The company did not provide further details in the statement on the individual projects covered by the exit or the timeline for repayment of the remaining committed amount.
The transaction highlights the growing role of institutional capital in housing formats beyond conventional high-rise apartment development. HoABL’s portfolio is focused mainly on housing plot projects, while the platform also covers low-rise developments and housing aimed at affordable and mid-income buyers, according to comments from HDFC Capital and the company.
Vipul Roongta, chief executive officer of HDFC Capital, described HoABL as a new-age real estate company that had developed a differentiated niche through plotted developments, low-rise projects and a focus on affordable and mid-income housing in key property markets. He said HDFC Capital had been an early investor in HoABL and looked forward to continuing its association with the company.
Abhinandan Lodha, chairman of HoABL, called the repayment a significant milestone and said it demonstrated the company’s commitment to creating value for its investment partners. He added that the transaction reflected HoABL’s approach of identifying real estate opportunities and working towards value creation through the investment lifecycle.
HDFC Capital is the real estate private equity arm of the HDFC Group and a subsidiary of HDFC Bank. It focuses on financing the development of affordable and mid-income homes in a sustainable manner. Its investment platform with HoABL was designed to operate across a range of urban markets rather than being limited to major metropolitan housing projects.
Founded in 2020, HoABL has sold more than 13 million square feet and has 25 million square feet under active development across five states, including Maharashtra, Goa and Uttar Pradesh, according to the company’s statement. The firm said it remains focused on expanding its portfolio and delivering sustainable outcomes for its investors.
