Real Estate
In the course of such activities it has partnered with Delhi Development Authority for the project development of an International Convention Centre in Delhi on PPP framework, advised the Municipal Corporation of Delhi for the development of the Integration Plaza opposite Old Delhi Railway Station and undertaken the market demand and commercial viability study of the International Convention Centre at Hyderabad for Emaar Properties PJSC, Dubai.
IDFC has extensive financing experience in commercial and industrial infrastructure, primarily in IT parks, SEZs, commercial property and hotels, which now account for over 9.8% of the company's exposure. IDFC has provided financial assistance for various projects such as the development of multi-product SEZ in Rajasthan by Mahindra World City, development of townships by Emaar Hills Townships Pvt. Ltd. and corporate loans for various expansion activities by DLF Universal Ltd. As of March 31, 2008, IDFC's total exposure to commercial and industrial infrastructure was Rs. 3,332 crore.
Leveraging IDFC's experience in financing and project development advice, IDFC Projects intends to develop quality real estate projects across the country. Currently IDFC Projects is evaluating various mixed-use commercial projects and low-density plotted residential developments in the real estate space in and around the NCR region as well as in Kerala and Andhra Pradesh. IDFC Projects is also pursuing talks with the Gujarat Urban Development Corporation (GUDC) for implementation of Special Planning Zones in the State.
