The partnership marks a significant step in the expansion of DivyaSree Developers’ residential business and will provide growth capital to support the acquisition and development of residential projects over the next three to four years with a potential GDV of INR 6,750 Crore.
Led by DivyaSree Developers’ development capabilities and understanding of urban markets, and supported by HDFC Capital’s investment expertise, the platform will focus on well-planned residential communities that respond to the changing needs of urban homebuyers. The projects will place emphasis on good design, quality execution, sustainability and long-term value creation.
Vipul Roongta, Managing Director and CEO, HDFC Capital, said, “India’s residential real estate sector continues to offer strong opportunities for institutionally backed development, supported by sustained demand for high-quality housing across urban markets. DivyaSree Developers brings a strong track record in real estate development, deep market understanding and a commitment to quality execution. Through this partnership, we aim to support the creation of a scalable pipeline of residential projects that delivers long-term value for homebuyers and all stakeholders.”
Bhaskar N Raju, Chairman and CEO, DivyaSree Developers, said, “DivyaSree’s journey has always been guided by a long-term view of real estate, creating developments that remain relevant and valuable as cities evolve. Residential has long been part of that vision, and we are now in a phase where every part of the business is set for its next stage of growth. This partnership with HDFC Capital reflects that ambition and the confidence in the growth we have planned for DivyaSree in the years ahead.”
Kunal Wadhwani, Partner, HDFC Capital, said, “HDFC Capital is committed to building large scale platforms in partnership with trusted real estate developers with proven track records. Our collaboration with Divyasree Developers will help address the significant demand for sustainable, high-quality homes for mid-income households in India.”
Avinash Suresh, Chief Executive Officer – Residential Real Estate, DivyaSree Developers, added, “DivyaSree’s residential business is at an inflection point, and we have invested a lot of time and effort to create best-in-class teams, set robust processes and build strong delivery capability to help us scale effectively across existing and new markets. This platform gives us the capital and momentum to move faster on that plan. Our vision is to build a residential portfolio known for well-planned communities in the cities where demand is strongest, starting with Bengaluru, Hyderabad and Chennai and expanding into other high-growth urban markets. Our existing land bank coupled with the acquisitions under the platform will help us build a steady pipeline of launches over the next three to four years, each one carrying the quality and attention to detail that homebuyers associate with DivyaSree.”
The platform is expected to strengthen DivyaSree Developers’ residential pipeline and support the business in pursuing new opportunities across high-growth urban markets. Two term sheets for individual residential projects have already been entered into and are expected to be finalised over the next two to three months, following which the projects will be announced individually.
