Tribeca Repays ₹200 Cr HDFC Loan for ‘The Edge’ Following Strong Sales Performance

New Delhi, October 16, 2025: Luxury real estate developer Tribeca Developers has successfully repaid a INR 200 crore construction finance facility from HDFC Capital, raised for its flagship Mumbai project, The Edge. The closure comes well ahead of schedule.

With The Edge, Tribeca brought to South Mumbai one of its finest trophy properties. The Edge being one of Mumbai’s most successful new luxury residential launches, with Tower 1 fully sold out at launch and over 40% of Tower 2 sold to date. The project features two striking 600-foot glass towers, over 35,000 square feet of amenities, and has already become a landmark in the city’s skyline.

The early repayment marks yet another instance of Tribeca’s robust capital management. Over the past few years, the company has repaid multiple project loans across cities, building a strong reputation among banks and NBFCs alike. Tribeca shares a longstanding relationship with HDFC Capital, having partnered on multiple ventures and consistently delivered on timelines and commitments.

With a presence across six Indian cities, Tribeca has launched or delivered over 6 million square feet of luxury real estate with a total top line of more than INR 7,000 crore. In FY 2024–25 alone, the company is expected to close sales worth over INR 4,000 crore, driven by strong performance across its portfolio – including Trump Towers in Delhi NCR and Kolkata, The Ark and YOO ONE in Pune, and The Edge in Mumbai.

“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.”

As the largest developer of Trump-branded properties globally and a leader in India’s branded residences segment, Tribeca is scaling rapidly. The company 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.