+
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.

Next Story
Real Estate

No glass boxes!

India is moving away from the ‘glass box’ syndrome, all-glass façades that were widely used in commercial buildings in the last two decades but came at a significant environmental cost given the country’s predominantly hot and humid climate. Poor thermal performance, excessive heat gain and dependency on mechanical cooling systems made buildings with glass façades energy guzzlers and significantly increased their carbon footprint.That said, it’s important to be aware that “glass is not the enemy,” points out Heena Bhargava, Architect, Architecture Discipline. “How it ..

Next Story
Infrastructure Transport

Why do pavements fail?

India’s highways continue to expand at a healthy pace. But conversations on the surface quality of highways are growing louder because major deficiencies and black spots continue to be identified, and they are cause for concern.“Road surface roughness causes vehicle vibrations that, in turn, can affect the performance of drivers,” explains Dr V K Gahlot, Road Safety Auditor, Centre for Research and Sustainable Development (CfRSD). “Continuous exposure may induce fatigue, a contributory factor to road accidents. Road surface roughness also affects the vehicle operating cost...

Next Story
Infrastructure Urban

APAC Logistics Rents Fall for First Time Since 2020

Logistics rents across the Asia-Pacific region declined 0.4% year-on-year in H1 2025, marking the first annual drop since 2020, according to Knight Frank’s Logistics Highlights H1 2025 report. Despite global trade tensions and cautious occupier sentiment, India emerged as a standout performer, driven by robust manufacturing momentum and supply chain recalibration.Regional Trends and DivergenceWhile rents largely remained stable across most markets, regional differences became more pronounced:Mainland China continued to see rental declines, though the pace of decline moderated to 12.8% YoY, s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?