Business · India Bureau
Hulic and HDFC Capital pool resources for Mumbai residential debt deal
Two major real estate investors have jointly backed a residential development project in western Mumbai through their shared debt financing platform. The collaboration marks the first investment from the partnership between the Japanese developer and India's leading real estate credit provider.
LSN India ·
Hulic Co. Ltd and HDFC Capital have deployed capital into a residential project in Mumbai's western suburbs via their joint senior secured debt platform, according to an announcement by both companies. The investment represents the initial outing of the partnership, which was established to identify and finance real estate opportunities across India.
The joint platform combines Hulic's international development expertise and capital with HDFC Capital's deep knowledge of India's real estate market and lending practices. By pooling resources through senior secured debt instruments, the partnership aims to provide structured financing solutions to quality residential projects in key Indian markets.
Mumbai's residential sector has attracted significant institutional interest in recent years, with developers increasingly turning to alternative funding sources beyond traditional bank lending. The western suburbs have emerged as a preferred location for mid-to-premium residential developments, drawing investment from both domestic and international players.
The collaboration signals growing appetite among global real estate investors to tap India's housing market through structured debt products. HDFC Capital has established itself as a prominent non-bank lender to the real estate sector, while Hulic brings considerable experience from its operations across Asia.