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Tribeca Developers has fully repaid the INR 200 crore loan it had availed from HDFC Capital to fund its luxury residential project, The Edge. The early repayment highlights the trust the company has earned among its clients and capital partners. With operations across six cities, Tribeca has delivered or launched over 6 million sq ft of luxury real estate, generating a topline exceeding INR 7,000 crore. The company also serves as India's official licensor for Trump-branded real estate projects, adding credibility to its portfolio.
Tribeca Developers has announced the complete repayment of its INR 200 crore loan from HDFC Capital, which had been used to fund the construction of its premium project, The Edge. The company confirmed that the repayment was completed ahead of schedule, reflecting financial discipline and robust cash flow management. Advertisement
Kalpesh Mehta, Founder of Tribeca Developers, highlighted that the early closure of the loan underscores the strong trust the company has built with both its customers and funding partners across India. He emphasized that Tribeca's approach to timely project execution and financial responsibility has helped it maintain credibility in a highly competitive real estate market.
Tribeca has a presence in six major Indian cities and has launched or delivered over 6 million sq ft of luxury residential space, accumulating a topline of more than INR 7,000 crore. Its portfolio includes premium and luxury developments, and the company is also India's official licensor for Trump-branded real estate projects, which has added an international dimension to its projects.
Providing additional context, the loan from HDFC Capital had been tied to the company's ongoing development efforts in South Mumbai. Earlier, Tribeca had partnered with Tejukaya Group for a luxury residential project in Parel, aiming to deliver over 400 units. The funding was intended to support construction and operational costs, and the project had projected sales worth around INR 1,800 crore.
This is not Tribeca's first association with HDFC Capital. In 2019, the two had collaborated to form a Rs 500 crore housing platform focused on mid-income residential projects in Mumbai and Delhi NCR, combining debt and equity financing to ensure timely execution.
The early repayment of the INR 200 crore loan demonstrates Tribeca's disciplined financial management and strong operational execution. It highlights the company's ability to manage large-scale projects efficiently while maintaining investor and partner confidence.
Source PTI
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