Real estate firm The House of Abhinandan Lodha (HoABL) has prepaid a Rs 1,100 crore loan to private equity firm HDFC Capital, which it had raised to develop housing projects, comprising mainly plots.
In a statement on Sunday, HoABL said it has given an exit to HDFC Capital Advisors Ltd across many projects by making a payment of Rs 1,100 crore as the principal amount before the due date.
In 2023, HoABL partnered with HDFC Capital to set up a joint platform to invest in plotted developments and low-rise projects located in metros, Tier II cities and emerging markets in India.
HDFC Capital had committed around Rs 1,500 crore to the platform across 11 projects.
To date, HoABL has returned around Rs 1,100 crore to HDFC Capital under the platform.