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Eldeco Infrastructure and Properties Limited (EIPL), a north India-based real estate developer, has raised a funding of Rs 350 crore from HDFC Capital Advisors Limited for their joint platform to develop housing projects.
EIPL, which a subsidiary of listed firm Eldeco Housing and Industries Limited, noted that these funds will be aimed at developing residential projects across the country. HDFC Capital, a subsidiary of HDFC Bank Ltd, is the real estate private equity arm of the HDFC Group.
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