In a strong display of financial discipline and market performance, Tribeca Developers has fully repaid its ₹200 crore construction finance facility to HDFC Capital well ahead of schedule. The loan was raised for ‘The Edge’, the developer’s flagship luxury residential project in South Mumbai, which has witnessed exceptional sales momentum since launch.
🌆 The Edge: A Landmark Luxury Development
- Tower 1 of The Edge was fully sold out at launch.
- Tower 2 has already achieved 40% sales to date.
- The project features two striking 600-ft glass towers, over 35,000 sq. ft. of luxury amenities, and has quickly emerged as a new architectural icon in South Mumbai’s skyline.
The early loan repayment comes on the back of this strong sales performance, underscoring Tribeca’s ability to execute high-end developments efficiently while maintaining financial prudence.
💰 Robust Capital Management
Tribeca’s early closure of the HDFC facility marks yet another milestone in its proactive capital management strategy.
- Over the past few years, the developer has repaid multiple project loans across cities ahead of schedule.
- The company has built a strong track record with banks and NBFCs, reinforcing lender confidence.
- Tribeca and HDFC Capital share a long-standing relationship, having partnered across multiple ventures with on-time delivery.
“We’ve always believed that great product, backed by great execution, leads to strong financial outcomes,” said Kalpesh Mehta, Founder, Tribeca Developers. “Our early closure of this facility from HDFC Capital is a testament to that approach and reflects the deep trust we’ve built with both customers and capital partners across India.”
🚀 Scaling Up Fast
Tribeca is rapidly emerging as a major player in India’s branded luxury real estate segment:
- 6+ million sq. ft. of luxury real estate launched or delivered so far
- ₹7,000+ crore total topline across projects
- ₹4,000 crore+ expected sales in FY 2024–25, driven by strong performance across Mumbai, Pune, Delhi NCR, and Kolkata
- Largest developer of Trump-branded residences globally
- Company doubled in size last year, and is on track to double again in the coming year
Key projects include Trump Towers (Delhi NCR & Kolkata), The Ark and YOO ONE in Pune, and The Edge in Mumbai.
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