We are also keenly focused on understanding sustainability and its impact at the grass-root level. These practices are coupled with active asset management to create long term value for the respective stakeholders.
HDFC Capital Affordable Real Estate Fund 1 (HCARE-1) and HDFC Capital Affordable Real Estate Fund 2 (HCARE-2), are SEBI registered Category II Alternative Investment Funds. They combine as a ~USD 1.1 billion platform dedicated to the supply of affordable housing.
Affordable housing is a critical component of quality urban infrastructure as well as a growth driver for the real estate industry in India. The HCARE series of funds partner with developers to focus on long term financing solutions, across the capital stack of debt and equity, for affordable and mid-income housing.
Our investments are focused towards our stated objective of addressing the demand-supply gap of affordable housing in India. We finance homes in city suburban regions with proximity to social infrastructure for the low & mid income and economically weak customer segments.
We want to be a catalyst for growth for the entire affordable housing eco-system, through financing as well as driving efficiencies of cost and time through active asset management of our projects.