The developer has repaid the loan ahead of schedule through the sale of the project, which has so far seen complete sale of the first tower and over 40% sale of the second tower.
HDFC Capital and Tribeca have previously partnered on several ventures.
“As the largest developer of Trump-branded properties globally, our size has doubled in the last year and is on track to double again in the coming year, driven by a sharp focus on new launches, strong sales momentum and design-first, landmark growth in India’s most premium markets,” said Kalpesh Mehta, Founder, Tribeca Developers.
With a presence in six Indian cities, Tribeca has so far launched or delivered over 6 million square feet of luxury real estate with a gross income of over Rs 7,000 crore. In financial year 2024-25, the developer expects sales of over Rs 4,000 crore due to strong performance across its portfolio including Delhi NCR, Kolkata, Pune and Mumbai.
Spread over 14 million sq ft and with a portfolio of 13 projects worth over Rs 16,000 crore, the company is projecting sales of Rs 6,000 crore for 2024-25 and targeting Rs 11,000 crore in 2025-26.
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