Information Density: HDFC Capital Advisors Limited – Signal Evidence & AI Readability

[H2] The Firm

HDFC Capital Advisors Ltd. is a Real Estate Private Equity Investment Manager that aims
to sustainably address the issue of affordable housing and provide investors with
competitive returns.
Our aim is to finance the development of 1 million affordable homes in India by employing
a combination of flexible financing, robust partnerships and technological innovations,
thus creating long-lasting social and economic impact.
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[H2] Funds

HDFC Capital Advisors Limited is an investment manager to:

HDFC Capital Affordable Real Estate Fund-1
(SEBI Registration no. - IN/AIF2/15-16/0160);

HDFC Capital Affordable Real Estate Fund-2
(SEBI Registration no. - IN/AIF2/17-18/0499);

HDFC Capital AIF-3
(SEBI Registration no.- IN/AIF2/21-22/0909)
(which has launched two schemes viz. HDFC Capital Affordable Real Estate Fund-3
and HDFC Capital AIF-3-Scheme-2); and

HDFC Capital AIF-4
(SEBI Registration No. IN/AIF2/24-25/1626)
(which has launched a scheme viz. HDFC Capital Development of Real Estate
Affordable and Mid-income Fund-2)

each, being a Category II Alternative Investment Fund registered with the Securities
and Exchange Board of India.
HDFC Capital Advisors Limited (IFSC Branch) is an investment manager to:

HDFC Capital Dream Fund of Funds – 2
(IFSC Registration no. IFSC/AIF2/2025-26/0316)

HDFC Capital Fund of Funds -3
(IFSC Registration no. IFSC/AIF2/2023-24/0093)

HDFC Capital Fund of Funds -3 Scheme 2
(IFSC Registration no. IFSC/AIF2/2024-25/0174)

each, being a Category II Alternative Investment Fund registered with
International Financial Services Centres Authority

HDFC Capital Advisors Limited assumed the role of investment manager of HDFC
Property Fund, a SEBI registered Venture Capital Fund (SEBI Registration no.
IN/VCF/04-05/053) from May 2, 2023 onwards pursuant to the merger of HDFC Limited
with and into HDFC Bank. HDFC Property Fund had launched two schemes viz HDFC IT
Corridor Fund and HDFC India Real Estate Fund.
As of March 31, 2026, they combine to create a ~USD 4.5 billion platform dedicated
to financing the supply of affordable and mid-income housing across India

Affordable housing is a critical component of quality urban infrastructure as well
as a growth driver for the real estate industry in India. The objective of these
funds is to partner with developers to focus on long term financing solutions,
across the capital stack of debt and equity, for affordable and mid-income housing.

[H2] Investments
Our funds combine to create a ~USD 4.5 billion platform targeting affordable and
mid-income residential projects in India’s leading 20 cities. The primary objective of
this platform is to provide long term equity and debt capital to marquee developers for
the development of affordable and mid-income housing in India.
Our investment philosophy is driven by the principles of flexible financing to reputable
partners, coupled with active asset management and innovative project execution.
Location and its accessibility to social infrastructure, along with long term
sustainability aspects are a critical part of our investment process.
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[H2] Affordable Housing
Housing plays a significant role in determining the economic and social well-being of an
individual. Affordable housing fosters hygienic and sustainable living which promotes
community empowerment and contributes to the economic growth of the country. In pursuit
of more than a billion smiles in India, we actively engage and strategically collaborate
with all stakeholders to nurture the ecosystem of affordable housing.
We see a massive opportunity with the ever-growing demand for affordable housing.
Leveraging our group's extensive experience in housing finance and strong relationships
with developers, we are driven to support the creation of secure and sustainable housing
in this sector, all while delivering value to every stakeholder involved.
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[H2] Real Estate Technology
We believe that technology will play a vital role in the creation of efficiencies within
the real estate ecosystem and all processes in the development cycle will get disrupted
by technology in the near term.
The HDFC Affordable Real Estate and Technology (H@ART) Program seeks to mentor, partner &
invest in real estate technology companies that drive break-through innovations &
efficiencies to enhance the affordable housing ecosystem
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[IMG: Alan Goh]
We believe it is important to demonstrate that there continues to be a
pipeline of viable, affordable housing projects. Our experience shows strong
sales velocity with the sweet spot being homes in the price range of Rs 20
to 50 lakh. The inherent demand for housing remains strong and we will
continue to support reputable and reliable developers focusing on the
affordable housing segment. Recently announced measures by the government
will make a significant contribution towards completing unfinished units and
restoring buyer confidence.
Mr. Deepak Parekh
Non-Executive Director, HDFC Capital

[IMG: Alan Goh]
These funds will help address the demand-supply gap in affordable housing in
India. The two platforms will ensure that flexible financing is provided to
quality developers to meet their capital requirement.
Ms. Renu Sud KarnadNon-Executive Director, HDFC Capital

[IMG: Alan Goh]
Affordable housing is a critical component of quality urban infrastructure as
also a growth driver for the real estate industry in India. H-CARE 1, H-CARE
2 and H-CARE 3 will look to partner with developers to form long term
platforms focusing on affordable and mid income housing
Mr. Keki MistryNon-Executive Director, HDFC Capital

[IMG: Alan Goh]
HDFC Capital seeks to address the demand-supply gap in affordable housing in
India through a combination of financing, partnerships and technology. New
technologies will play a vital role in the creation of efficiencies within
the real estate development cycle which are critical for the financial
viability of affordable housing projects. We look forward to bringing
together multiple stakeholders including developers, consultants,
construction companies, global institutions, venture funds, incubators and
accelerators,
Vipul RoongtaCEO HDFC Capital Advisors Limited.

[H2] Our Impact
Sustainable living forms the core for the holistic development of the human capital of
any country.
As part of our Environmental, Social and Governance (ESG) initiatives, alignment to
United Nations Sustainable Development Goals is becoming core to our investment approach
and has got integrated into the investment decision-making processes and business plans
for our investments. We believe that sustainable technology will play a significant role
in meeting India's 'Housing for All' goal.
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[H3] Environmental

[H3] Social

[H3] Governance

[H2] Insights
The world is currently undergoing a momentous transformation in the way people lead their
lives, and we firmly believe housing plays a crucial role in shaping a sustainable
future. As a prominent player in this space, we are in a unique place to foster
partnerships and promote development of shared knowledge between key stakeholders in the
real estate eco-system. We wish to bring out the best from the collaborative insights of
our partners, academia, industry bodies, policy makers and investors.
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Sustainability

Policy

Trends

Innovation

[H2] Newsroom

28
MAY
2026

HDFC Capital Advisors aims to double fund base to $9 billion

28
MAY
2026

Vipul Roongta, CEO - HDFC Capital Advisors Limited in conversation with Bloomberg Asia on global investors’ long-term commitments to India’s affordable and mid-income housing sector

28
MAY
2026

Development Bank of Japan Makes its First Real Estate Investment in India: Partners HDFC Capital Advisors

15
MAY
2026

HDFC Capital Advisors Limited has a new office at GIFT City: 9th floor, FlexOne.

12
MAY
2026

Speaking at the FICCI Real Estate Summit 2026, Vipul Roongta underscored how India’s residential and mortgage sectors, backed by a young, aspirational population, will power the nation’s long‑term economic growth.

08
MAY
2026

Mr. Deepak Parekh, Chairman, and Mr. Vipul Roongta, CEO, sharing their insights at the CBRE - CII BFSI Summit 2026.

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