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NCR-based real estate developer Saya Group has recently cleared around INR 1,500 crore in debt, marking a significant financial milestone. Over the past five years, the company settled obligations to institutions such as IIFL Finance, Yes Bank, and 360 One, including term loans, NCDs, and GECL facilities. With a debt-free balance sheet, the developer is now focusing on expanding its premium residential and commercial portfolio across the National Capital Region, reinforcing its strong reputation for fiscal discipline and timely project delivery.
Saya Group, a prominent real estate developer headquartered in the NCR, has successfully cleared approximately INR 1,500 crore in debt owed to financial institutions and investors over the past five years. The repayment included term loans, Non-Convertible Debentures, and Guaranteed Emergency Credit Line facilities from notable lenders such as IIFL Finance Limited, Yes Bank, and 360 One. Advertisement
This achievement reflects Saya Group's commitment to maintaining robust financial health and disciplined project execution. The company stated that its ability to clear such a substantial amount demonstrates both efficient resource management and sustainable business growth.
According to Managing Director Vikas Bhasin, the successful repayment underlined the group's financial prudence and stakeholder trust. He noted that Saya Group had consistently prioritised transparency, timely delivery, and responsible development practices. Bhasin further added that with a strong balance sheet and multiple new projects in the pipeline, the group was now well-positioned to enter its next phase of expansion.
Saya Group remains among the few developers in the Ghaziabad-Noida belt to have completed all projects in compliance with regulatory norms and without any outstanding land dues. All of its developments have been undertaken on fully paid-up land parcels, reinforcing its credibility for financial and operational integrity.
Having established itself more than 25 years ago, Saya Group's journey has evolved from constructing low-rise homes and villas to creating landmark high-rise developments and premium commercial spaces. Its completed and ongoing portfolio spans around 4.99 lakh sq. m., encompassing both residential and commercial projects.
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