6 days ago
This company's master plan to change face of Mumbai, its not Mukesh Ambani's Reliance or Gautam Adani's Adani Properties it is…, will build…
Real estate giant Hubtown Limited is working on a master plan to develop a new city on 200 acres of land near Mumbai. Hubtown Limited, a leading real estate company, has revealed its master plan that can change the face of Mumbai and its surrounding areas.
The company revealed its presentation for the investors. The presentation revealed the company's ambitious project like 25 Estates, to be developed on 200 acres of land in Khalapur. The company also plans to become debt-free within the next two to two-and-a-half years.
According to Hubtown Limited's regulatory filings, the 25 Estates project is designed as a city weekend homes and luxury villas. The company also plans to launch another major project, 25 Vistas across 10 lakh square feet in Thane. Hubtown's current projects are 25 Downtown in Mahalaxmi, which is South Mumbai's largest residential project, and 25 West, a another luxury project in Bandra West. Debt Reduction Plan
Hubtown has also made its financial strategy a reduction of over 76% in corporate debt. The company also plans to be entirely debt-free within 24 to 30 months. It plans to complete its ongoing projects spread in 7.1 million square feet and launch new projects from its 23.1 million square feet land. Additionally, the company also plans to generate funds by selling non-core assets.
Apart from large and luxury projects, Hubtown is also focusing on compact housing. For example, the Hubtown Harmony project features 3BHK apartments in just 525 square feet, while the Hubtown Celeste project offers 2BHK apartments in just 330 square feet.
