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HDFC Capital, Cerberus launch platform to help cash-strapped residential real estate projects

The special situations platform intends to partner with quality developers and provide capital solutions to expedite project construction and completion.

April 01, 2021 / 10:24 PM IST

HDFC Capital Advisors Limited (HDFC Capital) and an affiliate of Cerberus Capital Management, LP (Cerberus) have partnered to create a special situations platform focused on high-yield opportunities in the Indian residential real estate sector.

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.

The platform was developed in response to a series of  shocks to the Indian residential real estate market that  created a significant need for capital. Not only have buyers become unwilling to fund projects in advance of completion, but traditional financing channels have also come under   immense pressure.

The special situations platform intends to partner with quality developers and provide capital solutions to expedite project construction and completion.