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.

Real Estate

08 Oct 2025

Bennet & Bernard Unveil Dutch-Inspired ‘Casa El Toledo’ in Goa

Bennet & Bernard Group, Goa’s leading luxury real estate developer, has launched its newest project, Casa El Toledo, in Assagao. The enclave features 18 ultra-luxury 4 BHK Dutch-style villas blending European charm with tropical elegance. Each villa includes a private pool, double-height ceilings, open courtyards, alfresco dining areas, and English-inspired landscaping. The interiors are curated by noted Dutch designer Kelly Marie. Reflecting the grandeur of the Dutch Golden Age, Casa El Toledo harmonises heritage aesthetics with modern sensibilities. Expansive interiors flow..

Godrej Delivers Heaviest Ecolaire Surface Condenser to US Project

Godrej Enterprises Group’s Process Equipment business has manufactured and delivered its heaviest Ecolaire® Surface Condenser to date, weighing nearly 450 metric tonnes, for a power-generation project in the United States. The project, powered by natural gas and partly designed for hydrogen compatibility, marks another step in advancing clean energy systems. Produced at the company’s GreenCo-certified Dahej facility in Gujarat, the equipment demonstrates India’s growing engineering capabilities and reinforces Godrej’s ‘Make in India for the World’ vision. Hussain S..

India, Brazil Discuss Energy Ties And Oil Investments

Union Minister for Petroleum and Natural Gas Hardeep Singh Puri held discussions with Celso Luis Nunes Amorim, Special Advisor to the President of Brazil, and senior Brazilian officials to strengthen bilateral cooperation in the oil, gas, and energy transition sectors. The talks took place during a dinner hosted by Kenneth H da Nobrega, Ambassador of Brazil to India, at his residence in New Delhi.Mr Puri said the meeting focused on Indian investments in Brazil’s oil and gas sector, as well as expanding collaboration in energy transition and biofuels. “The enriching conversation revolved ar..