Real estate fund · SEBI registry
HDFC CAPITAL AFFORDABLE REAL ESTATE FUND-1
Real assets (RE/Infra) · Real estate & PropTech · Mumbai
At a glance
- Stage focus
- Real assets (RE/Infra)
- Primary sector
- Real estate & PropTech
- City
- Mumbai
- HQ / office
- Churchgate, Mumbai, Maharashtra
- Fund registered
- 2015
- Investments on record
- 2
- Corpus (as reported)
- HDFC Capital Affordable Real Estate Fund-1 size ~USD 450M (per PitchBook); HDFC Capital platform total ~USD 4.5 billion (as of Mar 2026)
- Website
- www.hdfccapital.com
- Profile ↗
About
HDFC Capital Affordable Real Estate Fund-1 is one of the funds managed by HDFC Capital Advisors Limited (HCAL, established 2015), a real estate private equity manager dedicated to financing affordable and mid-income housing in India under its 'Path to a Million Homes' initiative. CEO: Vipul Roongta.
Investment focus
Category II real estate AIF; long-term debt and equity financing across the capital stack for affordable and mid-income / mid-income housing residential projects by developers in India's leading ~20 cities.
SEBI registration
SEBI AIF Category II — reported as “Cat II”
- IN/AIF2/15-16/0160
- IN/AIF2/17-18/0499
SIDBI Fund of Funds
None found re SIDBI/Indian govt for Fund-1 specifically (H-CARE 1 anchor LP is ADIA, an Abu Dhabi sovereign wealth fund — foreign sovereign, not Indian govt/SIDBI). Note: sister fund H-CARE 2 has NIIF, an Indian govt-backed fund, as an LP
Notable portfolio
Runwal Enterprises (Mumbai affordable housing, Rs 1,150 cr+); CCI Projects — Rivali Park Wintergreen, Mumbai (~Rs 560 cr)
Team & organisation
Company-managed Category II AIF (HDFC Capital Advisors Ltd, CIN U74999MH2015PLC264030; SEBI IN/AIF2/15-16/0160); multi-fund affordable real estate platform
Connect through iHub India
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Frequently asked
- What does HDFC CAPITAL AFFORDABLE REAL ESTATE FUND-1 invest in?
- Category II real estate AIF; long-term debt and equity financing across the capital stack for affordable and mid-income / mid-income housing residential projects by developers in India's leading ~20 cities.
- How do I pitch HDFC CAPITAL AFFORDABLE REAL ESTATE FUND-1 through iHub India?
- Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.
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About this record
- ⚑ Real-estate fund (not startup VC)
Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.
Sources: https://www.hdfccapital.com; https://www.hdfccapital.com/contact-us.php