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Ekta World has completed repayment of a INR 170 crore loan to ICICI Bank, using funds raised entirely through sales and collections from its ready to move in Ekta Tripolis development in Goregaon West. The three tower project, with more than 600 units and possession handed to 503 families, has been central to reducing the company's overall debt. In the past year, Ekta World also finished two residential and two commercial redevelopment projects in Bandra,Khar and Santacruz. The company plans to maintain focus on high value assets above 1 million USD going forward.
Ekta World has fully repaid a INR 170 crore loan to ICICI Bank through phased repayments funded entirely by sales and collections from its completed Ekta Tripolis project in Goregaon West, Mumbai. This repayment has helped reduce the group's overall debt and reflects stronger cash flows from the project. Advertisement
Ekta Tripolis consists of three residential towers with more than 600 units. Possession has been handed over to 503 families, and the project has seen steady demand since it was ready for occupancy. Ready to move in inventory has remained attractive in the market, supporting consistent collections for the developer.
Over the past year, the company completed two residential and two commercial redevelopment projects in the Bandra, Khar and Santacruz micro markets, demonstrating activity across both residential and commercial segments. These completed projects have contributed to the company's operational performance and revenue streams.
The focus on delivering quality product in established locations has helped Ekta World strengthen its position in Mumbai's real estate sector. The company plans to continue prioritising assets valued above 1 million USD, aligning with higher end demand in premium micro markets.
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