Tag: Mahagun Group

IndustryLatest Stories

Mahagun Group Secures ₹225 Crore Funding from CSL Finance

Representative AI image NEW DELHI: Mahagun Group has secured ₹225 crore in funding from CSL Finance to boost project execution across its portfolio. The group recently closed a ₹650 crore debt for the Mahagun Medalleo project, repaying ₹310 crore in principal and around ₹340 crore in interest. This fresh capital infusion will help the company accelerate construction and ensure timely project delivery. Published On Apr 1, 2026 at 02:30 PM IST Join the community of over 2 million industry professionals. Subscribe to our newsletter for the latest insights and analysis delivered to your inbox. Stay updated with the ETRealty industry…

IndustryLatest Stories

Mahagun Group Gets ₹225 Crore Funding from CSL Finance

Representative AI image NEW DELHI: Mahagun Group has secured ₹225 crore in funding from CSL Finance to enhance project execution across its portfolio. The company recently concluded ₹650 crore in debt for the Mahagun Medalleo project, repaying ₹310 crore in principal and about ₹340 crore in interest. This new capital infusion will allow the company to accelerate construction and ensure timely delivery. Published On Apr 1, 2026 at 02:30 PM IST Join over 2 million industry professionals. Subscribe to our Newsletter for the latest insights & analysis delivered to your inbox. Access ETRealty industry updates directly on your smartphone!

Latest StoriesResidential

ASK Property Fund Sells ₹650 Cr Stake in Mahagun Noida Project

NEW DELHI: ASK Property Fund has successfully exited its ₹650 crore investment in a residential project led by Mahagun Group in Noida, achieving an internal rate of return (IRR) of 21% and a 2.1x multiple, according to the company’s statement. The fund initially invested approximately ₹310 crore in 2021, supporting the project’s growth and providing structured capital for a saleable area of about 2.4 million square feet. Additionally, the fund has completed a full exit from its ₹1,500 crore debt fund launched in 2018, realizing an investment multiple of 1.83x. Published On Mar 24, 2026 at 02:59 PM IST Join…

Latest StoriesRera

Uttar Pradesh RERA Takes Action Against Several Builders

NEW DELHI: In response to numerous complaints from homebuyers, the Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has initiated strict measures against various promoters and has directed multiple cases to be presented before the Authority for penalties under the Real Estate (Regulation and Development) Act. UP-RERA stated that these actions are aimed at reducing violations and enhancing buyer trust and transparency in home purchases. The bench referenced provisions including Section 13 (prohibiting the collection of more than 10% advance without a registered sale agreement), Section 61 (allowing for penalties of up to 5% of estimated project cost for violations of…