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Tribeca Developers has successfully repaid a Rs200 crore construction finance facility from HDFC Capital for its flagship luxury project, The Edge, in South Mumbai. The early closure underscores Tribeca’s strong financial health and its reputation for timely delivery and capital discipline.
The Edge has emerged as one of Mumbai’s most successful luxury residential launches, with Tower 1 fully sold out and over 40% of Tower 2 already booked. Featuring two 600-ft glass towers and 35,000 sq. ft. of amenities, the project has quickly become a landmark in the city’s skyline.
Tribeca’s repayment reflects a broader trend of financial prudence. Over recent years, the company has repaid multiple project loans across cities, earning trust from banks and NBFCs. Its longstanding partnership with HDFC Capital has been marked by consistent performance and timely execution.
With operations in six cities, Tribeca has delivered or launched over 6 million sq. ft. of luxury real estate, generating more than Rs7,000 crore in topline value. In FY 2024–25 alone, the company is expected to close sales worth Rs4,000 crore, driven by marquee projects like Trump Towers in Delhi NCR and Kolkata, The Ark and YOO ONE in Pune, and The Edge in Mumbai.
Kalpesh Mehta, Founder of Tribeca Developers, stated, “Our early closure of this facility from HDFC Capital is a testament to our product quality and execution strength. It reflects the deep trust we’ve built with both customers and capital partners across India.”
As the world’s largest developer of Trump-branded properties and a leader in India’s branded residences segment, Tribeca is scaling rapidly. The company doubled in size last year and is poised to double again, fueled by new launches, strong sales momentum, and a design-first approach to luxury living.
