Luxury residential projects player Total Environment repays Rs.2,070-Cr to lenders

Bangalore-based Total Environment has paid up approximately INR 2,070 crore of debt raised from top-tier financial institutions, driven by robust residential sales. The company had raised investments across multiple residential projects from Brookfield Asset Management, HDFC Capital, HDFC Bank, and L&T Finance between 2007-2008, which were invested between 2015 and 2019 with the cost of capital ranging between 14% to 20% per annum.Total Environment was founded in 1996 as a forward integration initiative by design firm Shibanee & Kamal Architects. The company also backward integrated into production of furniture, doors and windows, metalworks and several other parts of its supply chain and property management.