Atmosphere Realty Clears Rs 218 Crore Debt Early

28 Mar 2025 CW Team

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.

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