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Eldeco and HDFC Capital joint platform’s cumulative revenue potential across 17 projects is estimated to be Rs 8,000 crore. Out of this, projects with estimated revenue of Rs 2,000 crore have already been launched in Panipat, Sonipat, Rishikesh and Kasauli.
These will be all mid-segment and affordable category units which were launched in 2021-22 in Gurugram and Sohna. These projects have revenue recognition of Rs 11,000 crore.
The real estate sector is in the middle of an upcycle fuelled by demand-supply balance, low inventory, favourable affordability, and gradual price hikes.
According to market sources, Hinjewadi has witnessed sales of over 9,000 units in the last two years. Year-on-year price has appreciated by about 6-8 percent in the region, the company said.
In Delhi, both resale and new housing projects have seen price increases after the COVID impact subsided.