Saya Group Clears ₹1,500 Crore Debt, Strengthens Financial Footing

In the past five years, Saya Group, a prominent real estate firm, has successfully cleared ₹1,500 crore in debt from various financial institutions and investors. This significant debt-clearing effort reflects the company's strong financial fundamentals, efficient project execution, and unwavering commitment to its stakeholders.

The debt comprised term loans, non-convertible debentures, and guaranteed emergency credit line facilities from leading financial institutions, including IIFL Finance Ltd, YES Bank, and 360 One. By reducing its borrowing, Saya Group has positioned itself for further growth and expansion in the real estate sector.

Alongside its debt-clearing initiatives, Saya Group has also been actively expanding its real estate portfolio. Last month, the company formed a joint venture to develop a two-acre luxury housing project in Ghaziabad, with an investment of ₹550 crore for the construction of 264 flats. This new project, dubbed "The Horizon Residences," is a testament to Saya Group's ambitions in the high-end residential market.

With a portfolio of over 4.99 lakh sq metre of real estate development, including both delivered and under-construction residential and commercial projects, Saya Group has established itself as a prominent player in the industry. The company's strategic debt management and diversified real estate offerings position it for continued success in the years to come.