HDFC Capital Advisors Ltd. and an affiliate of Cerberus Capital Management L.P. have partnered for high-yield opportunities in the Indian residential real estate sector.
How they will work together?
The platform will seek to purchase inventory and provide last-mile funding for under-construction residential projects across India, among other real estate-related opportunities.
Comment from HDFC Chairman
Deepak Parekh, “Lack of buyer confidence in the ability of developers to complete projects combined with a slow-down in funding for real estate projects resulted in developers being starved of capital to complete on-going projects.
This Platform, in partnership with Cerberus, has the potential to provide an impetus to the real estate sector by providing capital solutions to developers and restarting stalled housing projects.”
Comment from Co-CEO of Cerberus
Frank Bruno, “Together with HDFC Capital we look forward to supporting high-quality developers and leading projects in one of India’s most important sectors.”
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