Bengaluru-based real estate developer DivyaSree Developers has entered into a strategic joint venture with HDFC Capital Advisors Ltd, the real estate private equity arm of HDFC Group, to set up a ₹1,500 crore residential development platform. Announced on Monday, this investment vehicle will focus on acquiring prime land parcels and executing residential real estate developments across key high-growth markets, including Bengaluru, Hyderabad, and Chennai. Supported by a potential gross development value (GDV) estimated at ₹6,750 crore, the platform aims to capitalize on expanding urban housing demand across southern India. Avinash Suresh, Chief Executive Officer of Residential Real Estate at DivyaSree Developers, highlighted that the company’s vision focuses on constructing well-planned, sustainable communities in high-demand metropolitan centers, while leveraging its existing land bank alongside new acquisitions to build a continuous pipeline of project launches over the next three to four years. Supporting this long-term growth perspective, Vipul Roongta, Managing Director and CEO of HDFC Capital, emphasized that the organization intends to back a scalable, high-quality residential pipeline that generates lasting value for home buyers and key industry stakeholders. The platform will concentrate on master-planned residential communities built around modern architectural design, precise construction execution, environmental sustainability, and long-term asset value creation. Demonstrating immediate operational traction, the developer revealed that term sheets for two initial residential projects have already been executed, with finalization expected over the coming two to three months prior to individual project announcements. Reflecting on the joint venture, Bhaskar N. Raju, Chairman and CEO of DivyaSree Developers, noted that the alliance with HDFC Capital underscores strong institutional confidence in DivyaSree’s planned expansion trajectory and corporate direction. Having successfully delivered approximately 30 million square feet of real estate to date, DivyaSree serves a diverse client portfolio of over 72 major corporate entities—including eight Fortune 500 enterprises—with business interests spanning commercial office spaces, residential developments, hospitality assets, co-living spaces, educational infrastructure, and asset management.
₹1,500 Crore Housing Vehicle Set to Develop Planned Communities in Key Metro Hubs
