HDFC Capital partners with Hero Realty to Invest ₹1,000 crore in Tier I & II Cities

New Delhi, November 28, 2025: HDFC Capital Advisors Limited, the real estate private equity arm of HDFC Group, has created a INR 1,000 crore platform in partnership with Hero Realty, the real estate arm of Hero Enterprise, to develop high quality housing projects across Tier I and II cities in India.

Founded in 2006, Hero Realty has delivered more than 8.4 million square feet (msf) of residential developments and 200 acres of Industrial Parks. The company currently has 5 projects under development with 6.4 msf of potential and an additional 8.0 msf across 5 projects in the pipeline. With a presence across NCR, Punjab, and Uttarakhand, Hero Realty has built a strong reputation for delivering well-designed, high-quality homes.

This platform underscores HDFC Capital’s continued commitment to bridge India’s housing gap through the development of high-quality residential communities, particularly in high-growth Tier I and II urban centres that are witnessing strong housing demand.

Vipul Roongta, MD & CEO, HDFC Capital, said, “We see tremendous potential in India’s Tier I and II cities, where infrastructure growth and rising aspirations are driving demand for mid-income housing. Our partnership with Hero Realty aligns with our long-term vision of catalyzing sustainable and aspirational housing for India’s growing middle-class. This collaboration will enable housing development in towns that are well-connected and are extensions of major metros which serve as employment hubs. Hero Realty’s strong brand lineage, execution capability and track record makes it a natural partner for us.”

Hero Realty CEO Rohit Kishore said: “Hero Realty has always been focused on creating communities that combine quality, design, and sustainability. With this partnership with HDFC Capital, we will be able to scale faster into Tier I and II cities, addressing the significant unmet demand for mid- income housing while delivering on our promise of superior living experiences.”