Housing Development Finance Corporation’s (HDFC) wholly-owned subsidiary -- HDFC Capital Advisors (HCAL) has launched a tech innovation challenge in the affordable housing space and will invest up to Rs 500 crore in three winning ideas. The third edition of the tech challenge will identify and award disruptive innovations in areas of construction, sales, fintech, and sustainability.
The company has already raised over Rs 500 crore from global investors as the first close of this property technology fund, which will focus on investments in startups that drive innovation and efficiencies within the affordable housing ecosystem. It is ready to invest this money into three winning solutions.
HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services.
