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Tribeca inks pact for prime project in Mumbai's Parel, secures HDFC Capital funding

Real estate private equity firm HDFC Capital Advisors is backing the project with a financing of Rs 200 crore. This is the second investment the developer has secured from HDFC Capital under a Rs 500-crore residential housing platform that was by both the entities in 2019. Last year, HDFC Capital secured a complete exit from its first investment of Rs 135 crore made through this platform.
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Tribeca Developers raises Rs 200 crore from HDFC Capital for luxury housing project in Mumbai, ET RealEstate

"We have entered into a joint development agreement with Tejukaya Group to develop a 2.5-acre residential project in Parel, South Mumbai. We will develop over 400 units in this project," Tribeca Developers founder Kalpesh Mehta told PTI.
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Business News | Tribeca Appoints New Head of Business Development, Somendra Sarwal

Get latest articles and stories on Business at LatestLY. Tribeca Developers, the developers of Trump Towers in India has announced the appointment of Somendra Sarwal as Head of Business Development. Business News | Tribeca Appoints New Head of Business Development, Somendra Sarwal.
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