HDFC CAPITAL BACKS TRIBECA FOR A PRIME SOUTH MUMBAI PROJECT
Mumbai, January, 2024.
Tribeca Developers, India’s largest luxury branded residential developer and the largest developer of Trump branded projects in the world, has entered into an agreement with the Tejukaya Group to develop a residential project in Parel, South Mumbai. HDFC Capital is backing the project with Rs. 200 crs of financing.
This is Tribeca’s first project in Mumbai and the second investment it has secured from HDFC Capital under a Rs. 500 crore residential housing platform the two organizations announced in 2019 [earlier this year, HDFC Capital successfully exited the first investment of Rs. 135 cr made from this platform].
The 2.5-acre project is located in the prime Parel neighbourhood of South Mumbai and will have 400+ luxury residences with a total sale value of ...
