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India: a developing country with a fast-growing economy : And along with the growth, weighs down the need to meet our market’s expanding demand. : A country, that’s home to its 140 crore citizens : But do we have enough homes for our people? : Currently, in real-estate sector, India faces a housing shortage of 73.6 million* units To achieve the goal of ‘housing for all’, we don’t merely need a large number of houses constructed. But we need a large number of ‘affordable’ homes coming up. Towards this objective, we decided to contribute our bit.. ..with an ambitious dream: that of financing ‘one million homes’. : in the year 2016, HDFC launched: HDFC Capital Advisors Limited: HCAL “Because we dream to grow.. ..with the nation growing by our side.” HCAL is a for-profit global-impact platform to sustainably address the needs of the affordable & social housing ecosystem. Our primary focus is to provide long-term & flexible debt to marquee real-estate developers. Be it for land, approval or last mile funding, HCAL supports projects across their lifecycle. Our efforts have facilitated development of mid-income housing in cities all across India. It has been an enriching journey thus far. ● We successfully funded more than 117 projects, while ● ..partnering with over 50% of country’s top developers ● Also, apart from HDFC, we were able to onboard investors like ADIA & NIIF, to join our venture & share our vision. On this journey, we’ve raised the ‘HDFC Capital Affordable Real Estate funds - namely H-CARE funds’, in the years 2016, 17 & 22 respectively. H-CARE 3 is one the largest funds raised for the residential real estate sector in India. Combined with H-CARE 1 & 2, we managed to create a US$3 billion funding platform. These funds were then used for 15 investments, across 12 cities in India, targeting affordable housing ecosystem The keyword here is ‘affordable’. Our true badge of honour is that.. ● ..39% of homes in our portfolio are priced <$50,000 ● & 75% of them are priced <$100,000 Currently under-development, are 10 projects, seeking to develop over 10000 units.. ..with their largest portion designed to serve Lower Income Groups. HCAL is proud to be recently rated as one of the world’s largest private finance platforms, focused on development of affordable housing. Apart from dealing with funds, HCAL has launched programs, to bring reform to real-estate industry as a whole. HCAL launched ‘HDFC Affordable Real-Estate & Technology Platform’ in 2019, namely the H@ART program. Committed to organise the real estate ecosystem, through efficient techniques like : knowledge accumulation : innovative financing : partnerships : & technology ..and while we dream big, losing sight of the ground-level was not an option. In 2021, we set up our ‘Labour Empowerment Aid Program - namely LEAP’ LEAP assists construction workers to access government-sponsored social security schemes HCAL has made lives better for several thousand of these construction-workers, and their families. Apart from generating business for thousands of MSMEs India is ready to take on the upcoming decades with leaps & strides. We look forward to helping develop a nation where the mere ‘housing for all’ objective is preceded by its meaningful supplements like smart, sustainable, affordable, and so on. Therefore, with Proptech, we intend to ignite & support the inception of: Innovation Technology ..and Thought-leaders of tomorrow. Our vision for India, of ‘over a billion homes’, is a pursuit of ‘more than a billion smiles’ after all.