Latest news with #HubtownLimited
India.com
10-06-2025
- Business
- India.com
This company's master plan to change face of Mumbai, its not Mukesh Ambani's Reliance or Gautam Adani's Adani Properties it is…, will build…
Real estate giant Hubtown Limited is working on a master plan to develop a new city on 200 acres of land near Mumbai. Hubtown Limited, a leading real estate company, has revealed its master plan that can change the face of Mumbai and its surrounding areas. The company revealed its presentation for the investors. The presentation revealed the company's ambitious project like 25 Estates, to be developed on 200 acres of land in Khalapur. The company also plans to become debt-free within the next two to two-and-a-half years. According to Hubtown Limited's regulatory filings, the 25 Estates project is designed as a city weekend homes and luxury villas. The company also plans to launch another major project, 25 Vistas across 10 lakh square feet in Thane. Hubtown's current projects are 25 Downtown in Mahalaxmi, which is South Mumbai's largest residential project, and 25 West, a another luxury project in Bandra West. Debt Reduction Plan Hubtown has also made its financial strategy a reduction of over 76% in corporate debt. The company also plans to be entirely debt-free within 24 to 30 months. It plans to complete its ongoing projects spread in 7.1 million square feet and launch new projects from its 23.1 million square feet land. Additionally, the company also plans to generate funds by selling non-core assets. Apart from large and luxury projects, Hubtown is also focusing on compact housing. For example, the Hubtown Harmony project features 3BHK apartments in just 525 square feet, while the Hubtown Celeste project offers 2BHK apartments in just 330 square feet.
Business Upturn
03-06-2025
- Business
- Business Upturn
Hubtown receives Transferable Development Rights from MIDC and MCGM for Andheri project
Hubtown Limited has received Transferable Development Rights (TDR) totaling 11,000 square meters. The rights have been granted by the Maharashtra Industrial Development Corporation (MIDC) and the Municipal Corporation of Greater Mumbai (MCGM) as part of the consideration for an ongoing slum rehabilitation project in Andheri (East), Mumbai. The TDR acquisition marks a key development in the project's progression, facilitating future construction opportunities either on the same project or on other eligible land parcels under applicable regulations. About Hubtown Limited Founded in 1989, Hubtown Limited is a publicly listed real estate development company in India. The company's project portfolio includes residential buildings, office spaces, and IT parks across various regions. Hubtown has been involved in both private and public sector projects, with a focus on urban development and infrastructure. The company continues to participate in initiatives such as slum rehabilitation and urban redevelopment, in alignment with government policies and urban planning guidelines. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
