Tribeca Developers, the licensed partner of the Trump Organization in India, has repaid ₹200 crore to HDFC Capital for its flagship Mumbai project, The Edge, the company announced. The early closure of the loan underscores the developer’s financial stability and execution capabilities, the company said in an official statement.
The Edge is located in Parel, central Mumbai, and features two 600-foot glass towers with over 35,000 sq ft of premium amenities. The project’s Tower 1 was fully sold at launch, while more than 40% of Tower 2 has already been booked, reflecting strong demand in the luxury segment.
Kalpesh Mehta, Founder of Tribeca Developers, said, “We have always believed that a great product, backed by strong execution, leads to positive financial outcomes. Our early closure of this facility from HDFC Capital reflects the trust we’ve built with customers and capital partners across India.”
Tribeca Developers is planning a ₹6,000–7,000 crore investment in four additional Trump-branded projects across India in 2025. Of these, three will be residential, while one is a commercial office development in Pune, with an estimated investment of ₹1,700 crore funded through a combination of equity, debt, and sales proceeds.
Till date, the company has delivered or launched over 6 million sq ft of luxury real estate valued at more than ₹7,000 crore. Tribeca Developers is on track to close ₹4,000 crore in sales for FY 2024–25, with marquee projects including Trump Towers in Delhi-NCR and Kolkata, The Ark and YOO ONE in Pune, and The Edge in Mumbai.
The developer has doubled in size over the past year and aims to double again in FY26, targeting ₹11,000 crore in projected sales.
Tribeca Developers’ repayment signals strong liquidity and investor confidence in India’s luxury real estate market, particularly in premium hubs like Mumbai, Pune, and Delhi-NCR. The Edge project, with its high-quality design, amenities, and strategic location in Parel, continues to attract domestic and NRI buyers seeking premium residential offerings.
The company’s aggressive expansion plan, including both residential and commercial developments, aligns with India’s growing luxury property demand and investor appetite for high-end, branded real estate. The continued collaboration with the Trump Organization adds a global branding advantage, appealing to affluent buyers looking for lifestyle-centric properties.
Kalpesh Mehta added, “Our strategy combines premium product delivery with financial prudence, ensuring sustainable growth. The successful repayment of HDFC Capital’s loan reinforces our commitment to excellence and positions us well for future expansions.”
With the planned investments in Pune, Delhi-NCR, and other key cities, Tribeca Developers is set to strengthen its foothold in India’s luxury real estate segment, offering curated living experiences and premium commercial spaces for high-net-worth buyers and investors.
Image source-tribecadevelopers.com
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