28 Apr 2026
Deal: Trilegal advised HDFC Capital Advisors in the structuring and formation of HDream Fund
11 Sep 2025
11 Sep 2025
Trilegal advised HDFC Capital Advisors in relation to the formation and fund raise by HDFC Capital Development of Real Estate Affordable and Mid-income Fund (HDream Fund) from various investors, both domestic and international, including International Finance Corporation (IFC) as an anchor investor.
As part of the engagement, Trilegal provided strategic legal advice on the fund’s structure and formation, and led the drafting, negotiation, and finalization of the contribution agreements and side letters with all participating investors.
HDream Fund is among the first private credit funds globally focused on increasing sustainable affordable and mid-income housing in urban India. It is one of the largest sustainability-led affordable housing funds in India with a target size of USD 1 billion and among the largest globally. It also marks the biggest supply-side financing initiative in this segment.
The Trilegal Team advising on the mandate was led by Partners: Sai Krishna Bharathan and Pallabi Ghosal; and supported by Senior Associate: Mahaveer Rajguru; and Associates: Kishan Kumar and Nivruthi Pasupunuri.
About Trilegal
Trilegal is a leading full-service law firm in India with over 25 years of experience, trusted for its in-depth expertise and client-centric approach. The firm advises a diverse set of clients, including Fortune 500 companies, global investment funds, major Indian conglomerates, domestic and international banks, technology and media giants, family offices, and high-net-worth individuals. With more than 145 partners operating under a distinctive lockstep model, Trilegal is the largest equity partnership in the country. The firm retains over 1,100 professionals across Mumbai, Delhi, Bengaluru, and Gurugram offices.
Trilegal has consistently been recognised among India’s top-tier firms in leading legal directories such as Chambers & Partners (Asia Pacific and Global), Legal 500 Asia Pacific, and Benchmark Litigation. It has also earned several prestigious accolades, including being named Best Overall Law Firm by India Business Law Journal (IBLJ) 2025, Innovative Lawyers in Disputes & Crisis Management by the Financial Times (FT) Innovative Lawyers Asia-Pacific Awards in 2025, M&A Firm of the Year by IFLR Asia-Pacific in 2024, Law Firm of the Year by Deal Volume at the VCCircle Awards in 2024, India Deal Firm of the Year at the Asian Legal Business (ALB) India Law Awards in 2023, and Best Law Firm to Work by Vahura in 2022.
For more information, please get in touch with Prakruti Jani | Mob: +91-9867868976 | BD@trilegal.com
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