+
Saya Group Clears Rs 15 billion Debt to Fuel Expansion
ECONOMY & POLICY

Saya Group Clears Rs 15 billion Debt to Fuel Expansion

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.

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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Assam Gets Approval For 350,000 PMAY Homes

Assam Chief Minister Himanta Biswa Sarma met Union Agriculture Minister Shivraj Singh Chouhan in New Delhi, where the minister handed an approval document for 310,000 new homes under the Pradhan Mantri Awas Yojana. The chief minister subsequently posted on X expressing gratitude and noting that the minister had formally handed approval for 380,000 homes as well. The release and the social media post contained varying figures, with broader references to 350,000 homes reported in some summaries. The approvals carry central assistance equivalent to Rs 50 billion (bn), corresponding to the five th..

Next Story
Infrastructure Urban

KPIGreen Achieves Highest Energised Capacity of 630+ MW DC

KPI Green Energy energised more than 630 MW DC of capacity in the June to August quarter, marking the highest quarterly addition in the company's history. The capacity was brought online across its Independent Power Producer (IPP) and Engineering, Procurement and Construction (EPC) businesses. The company said the achievement reflected the scale, speed and consistency of its project execution engine. The firm described the quarter as a material operational milestone since its founding. The milestone covers a diversified mix of IPP assets and projects executed under the EPC vertical, spanning u..

Next Story
Infrastructure Energy

Adani Energy Solutions Wins Rs 47 bn Maharashtra Transmission Project

Adani Energy Solutions has won a transmission contract in Maharashtra valued at Rs 47 billion (Rs 47 bn) to evacuate 4,500 megawatt (MW) of renewable and storage power. The company informed exchanges that the project will facilitate pumped storage potential near Satara and strengthen the inter-regional corridor between the Western and Southern grids. The award follows a competitive bidding process and will support renewable energy evacuation to major load centres in the state. The scope includes establishment of a 765/400 kV substation at Satara, construction of a Kolhapur-Satara 765 kV double..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code