HDFC Capital Affordable Real Estate Fund 3
HDFC Capital Affordable Real Estate Fund 3 is a large India-focused Category II AIF investing flexible debt and equity capital into affordable and mid-income housing. Public evidence ties H-CARE 3 to developer platforms with House of Abhinandan Lodha, Arvind SmartSpaces, Shapoorji Pallonji and TVS Emerald, as well as a disclosed Keystone Realtors holding.
At a glance
- Founded
- 2022
- Footprint
- Mumbai
- Stage
- Real-estate private equity and flexible capital; affordable and mid-income housing
Research profile
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Investment lens
HDFC Capital Affordable Real Estate Fund 3 uses a real-estate private equity and flexible capital; affordable and mid-income housing approach across Affordable housing, mid-income housing, residential platforms, housing technology.
Current evidence
HDFC Capital’s 2026 official materials continue to list H-CARE 3 as an active Category II AIF manager vehicle, while its 2026 stewardship disclosure confirms H-CARE 3’s role alongside the newer H-DREAM funds.
Strategy
Real-estate private equity and flexible capital; affordable and mid-income housing
Sector focus
Affordable housing, mid-income housing, residential platforms, housing technology
Current signal
HDFC Capital’s 2026 official materials continue to list H-CARE 3 as an active Category II AIF manager vehicle, while its 2026 stewardship disclosure confirms H-CARE 3’s role alongside the newer H-DREAM funds.
Next step
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