Arvind SmartSpaces, HDFC Capital Advisors to set up Rs. 900-cr residential development platform.

Realty developer Arvind SmartSpaces, part of the Ahmedabad-headquartered Lalbhai Group, has entered into an agreement with HDFC Capital Advisors to set up a Rs. 900-crore platform to undertake residential developments.

HDFC Capital Affordable Real Estate Fund - 3 (HCARE-3) will be investing Rs. 600 crore, while Arvind SmartSpaces will infuse Rs. 300 crore in this joint investment and development platform.

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