Tribeca Developers, one of India’s foremost luxury real estate brands, has fully repaid a ₹200 crore construction finance facility from HDFC Capital ahead of schedule, following the stellar sales performance of its marquee Mumbai project, The Edge. The early closure underscores Tribeca’s financial discipline, strong execution capabilities, and sustained demand for its premium developments across India.

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-ft glass towers, over 35,000 sq. ft. 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 sq. ft. of luxury real estate with a total top line of more than ₹7,000 crore. In FY 2024–25 alone, the company is expected to close sales worth over ₹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 across India’s most premium markets.

About Tribeca Developers 

Tribeca Developers stands as India’s largest developer of luxury trophy properties, driven by a mission to deliver the country’s most inspiring buildings and spaces. With a portfolio of 13 projects spanning 14 million square feet and valued at more than INR 16,000 crore, the company is rapidly expanding, projecting INR 6,000 crores in sales for FY ’25 and targeting INR 11,000 crore in FY ’26. Tribeca is known for creating landmark developments that consistently command premiums – often 30-40% above market rates – reflecting its focus on iconic architecture, cutting-edge engineering, and spellbinding spaces.

Among its achievements, Tribeca has built the world’s largest rooftop terrace, nearly 3 acres in size, and is the largest developer of branded residences in India. It also holds the distinction of being the largest developer of Trump-branded properties globally, second only to the Trump Organization itself. Founded by Kalpesh Mehta, who honed his craft in New York’s luxury real estate market, Tribeca operates with a singular goal: to craft trophy projects that become the most coveted addresses in their markets, admired by residents and cities alike. Conscious of its legacy, the company designs buildings meant to endure, blending world-class amenities with exceptional lifestyle offerings to leave a lasting mark on India’s urban landscape.