India, April 13 -- The total development area in these 18 projects will be more than 10 million (100 lakh) square feet with a "combined revenue potential of about Rs.11,000 crore", HDFC Capital said.

These 18 residential projects will come up across multiple towns including Panipat (Haryana), Sonipat (Haryana), Rudrapur (Uttarakhand), Ludhiana (Punjab), Kasauli (Himachal Pradesh) and Rishikesh (Uttarakhand), with total development area of more than 10 million square feet and combined revenue potential of about Rs. 11,000 crore.

Vipul Roongta, Managing Director and CEO, HDFC Capital, said that the company is bullish on the potential of tier 2 and tier 3 towns situated within a 300-kilometer radius of major metropolitan areas.

"Our partn...