+
Atmosphere Realty Clears Rs 218 Crore Debt Early
Real Estate

Atmosphere Realty Clears Rs 218 Crore Debt Early

Atmosphere Realty Pvt Ltd has fully repaid its Rs 2.18 billion debt to Japan’s Marubeni Corporation through early redemption of its secured Non-Convertible Debentures (NCDs). Originally set to mature on December 9, 2030, these NCDs were fully redeemed on March 24, 2025.

Atmosphere Realty is a joint venture between The Wadhwa Group (50%), Man Infra Construction Ltd (30%), and Chandak Realtors Pvt Ltd (20%). The company had issued 2,179 NCDs at a face value of Rs 10 million each, amounting to Rs 2.179 billion, on December 9, 2020. These were acquired by Marubeni Corporation.

The early repayment was made possible through strong sales and internal accruals driven by the success of ‘Atmosphere O2,’ a premium gated-community project in Nahur, Mulund West, Mumbai.

In a statement, Atmosphere Realty emphasized that Marubeni Corporation’s successful exit from the investment reaffirms confidence in partnering with reputed developers known for high-quality projects and timely execution. The two companies also plan to explore further investment opportunities following this transaction.

Atmosphere Realty Pvt Ltd has fully repaid its Rs 2.18 billion debt to Japan’s Marubeni Corporation through early redemption of its secured Non-Convertible Debentures (NCDs). Originally set to mature on December 9, 2030, these NCDs were fully redeemed on March 24, 2025. Atmosphere Realty is a joint venture between The Wadhwa Group (50%), Man Infra Construction Ltd (30%), and Chandak Realtors Pvt Ltd (20%). The company had issued 2,179 NCDs at a face value of Rs 10 million each, amounting to Rs 2.179 billion, on December 9, 2020. These were acquired by Marubeni Corporation. The early repayment was made possible through strong sales and internal accruals driven by the success of ‘Atmosphere O2,’ a premium gated-community project in Nahur, Mulund West, Mumbai. In a statement, Atmosphere Realty emphasized that Marubeni Corporation’s successful exit from the investment reaffirms confidence in partnering with reputed developers known for high-quality projects and timely execution. The two companies also plan to explore further investment opportunities following this transaction.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code