Tribeca Developers, the largest global developer of Trump-branded projects, has repaid a Rs 200 crore construction finance facility from HDFC Capital. The funds were raised for the company’s project with two 600-feet glass towers in the country’s financial capital Mumbai.
The developer has repaid the debt ahead of schedule through sales of the project that has witnessed complete sale of the first tower and over 40% of the second tower so far.
HDFC Capital and Tribeca have partnered on multiple ventures prior to this.
“As the largest developer of Trump-branded properties globally, we have doubled in size over the past year and is on track to double again in the year ahead, driven by new launches, robust sales momentum, and a sharp focus on design-first, landmark developments across India’s most premium markets,” said Kalpesh Mehta, Founder, Tribeca Developers.
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 Rs 7,000 crore. In the financial year 2024–25, the developer is expected to close sales worth over Rs 4,000 crore, led by robust performance across its portfolio including Delhi NCR, Kolkata, Pune, and Mumbai.
With a portfolio of 13 projects spanning 14 million sq ft and valued at over Rs 16,000 crore, the company is projecting Rs 6,000 crores in sales for 2024-25 and targeting Rs 11,000 crore in 2025-26.
The developer has repaid the debt ahead of schedule through sales of the project that has witnessed complete sale of the first tower and over 40% of the second tower so far.
HDFC Capital and Tribeca have partnered on multiple ventures prior to this.
“As the largest developer of Trump-branded properties globally, we have doubled in size over the past year and is on track to double again in the year ahead, driven by new launches, robust sales momentum, and a sharp focus on design-first, landmark developments across India’s most premium markets,” said Kalpesh Mehta, Founder, Tribeca Developers.
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 Rs 7,000 crore. In the financial year 2024–25, the developer is expected to close sales worth over Rs 4,000 crore, led by robust performance across its portfolio including Delhi NCR, Kolkata, Pune, and Mumbai.
With a portfolio of 13 projects spanning 14 million sq ft and valued at over Rs 16,000 crore, the company is projecting Rs 6,000 crores in sales for 2024-25 and targeting Rs 11,000 crore in 2025-26.
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