The proposed platform will focus on the development, ownership, and long-term operation of institutional-grade rental housing assets across major urban centres in India. The partnership aims to address the rising demand for professionally managed rental accommodation driven by rapid urbanisation, workforce mobility, and increasing student migration.

India’s rental housing market is undergoing a structural shift, with growing preference for organised and institutionally owned rental formats over fragmented individual ownership. The HDFC Capital–CLS platform intends to capitalise on this transition by creating scalable, high-quality rental housing portfolios catering to students, young professionals, and migrant workers.

CLS currently manages more than 13,000 beds across co-living, student housing, and worker accommodation segments and brings strong development and operational expertise to the platform. The partnership will combine CLS’s on-ground execution capabilities with HDFC Capital’s long-term capital and institutional investment approach.

Commenting on the development, Vipul Roongta, CEO of HDFC Capital, said that India’s urban rental housing segment is at an inflection point due to a young, mobile population. He added that rental housing plays a critical role in enhancing economic mobility, particularly for students, professionals, and migrant workers, and that CLS and the DivyaSree Group have demonstrated strong governance and execution capabilities.

Bhaskar Raju, Promoter of Curated Living Solutions and the DivyaSree Group, highlighted that the platform will focus on developing and owning high-quality rental housing assets with emphasis on safety, functional design, and sustainability. Jai Challa, CEO of Curated Living Solutions, noted that the partnership would enable CLS to significantly scale its operations and expand its presence across key Indian urban markets.

The initiative aligns with broader policy and investor interest in rental housing as a core asset class, alongside office, residential, and logistics, and reinforces the growing role of institutional capital in shaping India’s housing ecosystem.

Also Read: GRESB–CII IGBC Tie-Up to Boost Green Finance and Fast-Track India’s Net Zero Real Estate Transition

The post HDFC Capital Ties Up with DivyaSree-backed CLS to Launch ₹1,000 Cr Institutional Rental Housing Platform appeared first on Square Feat India.

The Edge: A Landmark Luxury Development

• Tower 1 of The Edge was fully sold out at launch.
• Tower 2 has already achieved 40% sales to date.
• The project features two striking 600-ft glass towers, over 35,000 sq. ft. of luxury amenities, and has quickly emerged as a new architectural icon in South Mumbai’s skyline.

The early loan repayment comes on the back of this strong sales performance, underscoring Tribeca’s ability to execute high-end developments efficiently while maintaining financial prudence.

Robust Capital Management

Tribeca’s early closure of the HDFC facility marks yet another milestone in its proactive capital management strategy.

• Over the past few years, the developer has repaid multiple project loans across cities ahead of schedule.
• The company has built a strong track record with banks and NBFCs, reinforcing lender confidence.
• Tribeca and HDFC Capital share a long-standing relationship, having partnered across multiple ventures with on-time delivery.

“We’ve always believed that great product, backed by great execution, leads to strong financial outcomes,” said Kalpesh Mehta, Founder, Tribeca Developers. “Our early closure of this facility from HDFC Capital is a testament to that approach and reflects the deep trust we’ve built with both customers and capital partners across India.”

Scaling Up Fast

Tribeca is rapidly emerging as a major player in India’s branded luxury real estate segment:

• 6+ million sq. ft. of luxury real estate launched or delivered so far
• ₹7,000+ crore total topline across projects
• ₹4,000 crore+ expected sales in FY 2024–25, driven by strong performance across Mumbai, Pune, Delhi NCR, and Kolkata
• Largest developer of Trump-branded residences globally
• Company doubled in size last year, and is on track to double again in the coming year

Key projects include Trump Towers (Delhi NCR & Kolkata), The Ark and YOO ONE in Pune, and The Edge in Mumbai.

Also Read: RBI Keeps Repo Rate at 5.5%: What It Means for Your Home Loan EMIs This Festive Season

The post 🏢 Tribeca Repays ₹200 Cr HDFC Loan appeared first on Square Feat India.

This strategic collaboration will add an additional 6.2 million square feet of new residential projects to the ongoing 14.8 million square feet with a combined GDV of INR 17,100 crores, which will be delivered over the next five to six years. Provident, a large-scale community developer, has so far completed 15.1 million square feet of projects across the country with a presence in nine cities, including Bengaluru, Hyderabad, Chennai, Goa, Kochi, Mumbai, and Pune.

This partnership with HDFC Capital will help strengthen Provident Housing Limited’s commitment to leveraging alliances to capitalise on emerging opportunities in the real estate sector. With this investment, the company is poised for expansion, focusing on innovation, quality, customer-centricity, and sustainable project development.

Commenting on this investment, Ashish Puravankara, Managing Director, Puravankara Limited, said, “We are delighted to partner with HDFC Capital – an entity with a longstanding history of excellence. This deal reinforces the confidence of our institutional investors in the company’s corporate governance and the way we conduct our business. We stay committed to developing international quality homes, delivered on time with trust and transparency.”

Vipul Roongta, Managing Director & CEO, HDFC Capital, said, “HDFC Capital is committed to long-term partnerships with marquee real estate leaders like Puravankara with an excellent track record of development and delivery. Through our partnership with Puravankara, we will focus on meeting the increasing demand for high-quality homes for mid-income households in India.”

Mallanna Sasalu, CEO, Provident Housing Limited, said, “This strategic alliance with HDFC Capital marks a pivotal moment in Provident’s journey towards growth and acquiring larger market share. With HDFC Capital’s support, we are well-positioned to accelerate the development of new residential projects across India while delivering exceptional value to our customers and driving long-term shareholder value.”

Kunal Wadhwani, Principal Investments, HDFC Capital, said, “Our collaboration with Puravankara, a leading pan-India developer, helps address the significant demand for high-quality homes at affordable prices and is in line with HDFC Capital’s strategy of catering to the largely unmet demand in the mid-income residential segment.”

Neeraj Gautam, Group President of Finance, highlighted the importance of this investment, stating, “This marks a significant evolution in our investment strategy, signalling the beginning of larger partnerships and transactions that align with the overarching vision for the Group.”

Also Read: Noida International Airport boosts real estate rates on Yamuna Expressway

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