TDI Infrastructure Ltd., one of the oldest developer of north India, has reduced its debt to zero from Rs 2,000 crore by selling land in Delhi and nearby areas.
The company entered into a joint venture with Godrej for a project near Connaught Place and sold another boutique land parcel in central Delhi to a developer to raise funds.
In addition, it has sold large land parcels in Kundli and Karnal to give exit to lenders and clear dues of the local authority.
“Becoming debt-free reflects our long-term discipline and commitment to delivering on-ground performance while maintaining financial integrity. We are now focusing on growth, efficiency, and scale,” TDI Infrastructure’s AkshayTaneja said.
As part of its upcoming plans, TDI Infrastructure develop a major project in TDI City, Kundli. Spanning over 1,200 acres, the township is the biggest project of company’s portfolio.
The company is currently focused on asset consolidation, township development, and commercial rollouts across its core markets.
The company is also planning to enter the Ludhiana micro-market with a new township project, expanding its footprint further in Punjab and Haryana.
TDI Infrastructure has a delivered portfolio of over 2,500 acres across cities including Kundli, Mohali, Panipat, Rajpura, Faridabad, Agra, and Moradabad.
According to the Confederation of Real Estate Developers' Associations of India (CREDAI), with rapid urbanization and supporting factors like infrastructure growth and employment opportunities, real estate traction is likely to expand beyond the tier I cities and create dispersed growth centers in smaller towns & cities.
Peripheral areas of established cities and tier II & III cities of the country will particularly witness accelerated real estatedevelopment across asset classes.
This will help builders having projects in the peripheral areas of metro cities.
The company entered into a joint venture with Godrej for a project near Connaught Place and sold another boutique land parcel in central Delhi to a developer to raise funds.
In addition, it has sold large land parcels in Kundli and Karnal to give exit to lenders and clear dues of the local authority.
“Becoming debt-free reflects our long-term discipline and commitment to delivering on-ground performance while maintaining financial integrity. We are now focusing on growth, efficiency, and scale,” TDI Infrastructure’s AkshayTaneja said.
As part of its upcoming plans, TDI Infrastructure develop a major project in TDI City, Kundli. Spanning over 1,200 acres, the township is the biggest project of company’s portfolio.
The company is currently focused on asset consolidation, township development, and commercial rollouts across its core markets.
The company is also planning to enter the Ludhiana micro-market with a new township project, expanding its footprint further in Punjab and Haryana.
TDI Infrastructure has a delivered portfolio of over 2,500 acres across cities including Kundli, Mohali, Panipat, Rajpura, Faridabad, Agra, and Moradabad.
According to the Confederation of Real Estate Developers' Associations of India (CREDAI), with rapid urbanization and supporting factors like infrastructure growth and employment opportunities, real estate traction is likely to expand beyond the tier I cities and create dispersed growth centers in smaller towns & cities.
Peripheral areas of established cities and tier II & III cities of the country will particularly witness accelerated real estatedevelopment across asset classes.
This will help builders having projects in the peripheral areas of metro cities.
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