Saya Group Clears Rs 15 billion Debt to Fuel Expansion

18 Nov 2025 CW Team

Saya Group, the NCR-based real estate developer, has cleared approximately Rs 15 billion of debt over the past five years, strengthening its financial position and setting the stage for a new phase of expansion. The debt included term loans, non-convertible debentures, and GECL facilities from lenders such as IIFL Finance, Yes Bank, and 360 One.

The milestone reinforces the company’s financial discipline, prudent project management, and long-term growth strategy. Mr Vikas Bhasin, Managing Director of Saya Group, said the achievement reflects the firm’s strong fundamentals and commitment to transparency and timely delivery. He added that with a robust balance sheet and new launches planned, the company is well positioned for its next growth cycle.

Saya Group is among the few developers in the Ghaziabad–Noida corridor to have delivered all projects in full regulatory compliance with no pending land dues. All developments have been executed on fully paid-up land, strengthening its reputation for integrity and operational excellence.

With a presence of over 25 years, Saya Group has evolved from low-rise floors and villas to landmark high-rise residences and premium commercial destinations. Its residential portfolio, including Desire Residency, Saya Zenith, Saya Zion, and Saya Gold Avenue, houses more than 4,000 families. On the commercial front, Saya Piazza in Noida and Saya SouthX in Greater Noida West together span 2,20,000 sq. m. and have submitted Occupancy Certificate applications.

The company’s delivered and ongoing developments cover 4,99,000 sq. m. across residential and commercial segments. With a debt-free outlook, strong brand equity, and upcoming luxury launches across the NCR, Saya Group is entering a promising phase of expansion.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..