Liquidity Events
Trump Towers developer Tribeca repays Rs.200-Cr construction finance to HDFC Capital
Tribeca Developers , a developer of Trump-branded projects, has repaid an INR 200 crore construction finance facility from HDFC Capital. The funds were raised for the company’s two 600-ft glass towers in Mumbai. The firm has repaid the debt ahead of schedule through the complete sale of the first tower and over 40% of the second tower so far.With a presence across six Indian cities, Tribeca has so far launched or delivered over 6 million sq ft of luxury real estate with a total top line of more than INR 7,000 crore. In FY 2024-25, the developer is expected to close sales worth over INR 4,000 crore, led by sales in Delhi NCR, Kolkata, Pune, and Mumbai.
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