Q1FY23 Financial Results

• . HDFC WITH YOU, RIGHT THROUGH HDFC CAPITAL ADVISORS LIMITED (HCAL) HDFC owns 88.2% and Abu Dhabi Investment Authority (ADIA) holds 10% of the equity in HCAL HDFC Capital Affordable Real Estate Fund (HCARE) • Set up as a SEBI registered AIF in 2016 • • • · Objective: To provide long-term flexible funding across the lifecycle of affordable and mid- income housing projects, including early-stage funding. The HCARE platform also invests in technology companies engaged in the affordable housing ecosystem. HCARE 1 & 2 is a US$ 1.1 bn platform targeting affordable & mid-income residential projects In January 2022, HCARE achieved the initial closure of HCARE 3. Investors have committed US$ 1.22 bn to HCARE 3, focused on affordable and mid-income residential projects. Combined with potential re-investments, the total fund corpus will increase to an estimated US$ 1.88 bn. HCARE 3 combined with HCARE 1 & 2 will create a US$ 3 bn funding platform, focused on the development of affordable housing Primary investors in HCARE 1, 2 & 3 is a wholly owned subsidiary of ADIA, along with the National Investment and Infrastructure Fund (NIIF) in HCARE 2 HDFC Capital Advisors is the investment manager for the funds and is one of the largest real estate fund managers in the country • 45 45

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