Two projects in Mumbai’s Hubtown gets Rs 355 cr from Edelweiss

25 Sep 2021 CW Team

Mumbai-based Edelweiss Group has invested Rs 355 crore in Hubtown’s two under-construction residential projects in Mumbai through its ECL Finance Limited and two funds--Edelweiss India Real Estate Fund and EREF Onshore Fund-- managed by the group.

ECL Finance infused Rs 205 crore in the developer’s project Hubtown Seasons in Edelweiss Chembur suburb of Mumbai and invested Rs 150 crore in Hubtown Harmony, a premium development at Matunga in central Mumbai.

Both projects are under construction, with all approvals in place, and the investment from Edelweiss shall be used towards ensuring quicker completion of both projects, Hubtown told the media.

Hubtown Seasons is a public-private partnership (PPP) project with the government of Maharashtra and is spread over a 10-acre land parcel.

Edelweiss Group funded the sale potential in the first phase is nearly 3.5 lakh sq ft of area, and the government obligations regarding the first phase are finished, and the focus will now be on finishing the sale area within the next two years.

The Matunga project spread over an acre near King’s Circle is a redevelopment project, wherein the redevelopment component is finished and handed over. Now it is concentrating on ensuring delivery of the 1 lakh sq ft sale component in two years.

While the developer has already attained 30% sales at the Chembur project, about 20% of the Matunga project has been sold.

Oaktree Capital Management invested Rs 425 crores in Hubtown’s sea-facing luxury residential development 25 South spread over 5.3 acres of land in central Mumbai earlier this year.

Through this transaction, part of the funds raised is being used to finish the project and partly to retire the Indiabulls Housing Finance's current debt facility.

The recent increase in housing sales and anticipated sustained conversion of housing demand has proposed a revised outlook for the sector’s liquidity situation.

Image Source

Also read: CASAGRAND to acquire land parcels worth Rs 100 bn

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..