Tag: Saya Group

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Saya Group Eliminates ₹1,500 Crore Debt

NEW DELHI: Saya Group has successfully eliminated around ₹1,500 crore in debt from various financial institutions and investors over the last five years. The debt reduction includes term loans, non-convertible debentures (NCDs), and guaranteed emergency credit line (GECL) facilities from prominent financial institutions such as IIFL Finance, Yes Bank, and 360 One. Vikas Bhasin, the company’s managing director, stated, “The reduction of ₹1,500 crore in debt over these years reflects our solid financial health, effective project management, and strong commitment to our stakeholders. With a healthy balance sheet and exciting new projects on the horizon, we are poised for our…

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Saya Group to invest ₹550 crore in Ghaziabad project

NEW DELHI: Saya Group, a real estate company, has established a joint venture to create a luxury housing project in Ghaziabad, investing Rs 550 crore for the construction of 264 flats. The partnership with Harmony Infra will yield an ultra-luxury residential project named ‘The Horizon Residences’ located at Indirapuram, Ghaziabad. “We have secured around 2 acres of land in Indirapuram for this luxury development, which will feature 264 units,” said Vikas Bhasin, MD of Saya Group, during a press briefing. The company plans to market homes within the price range of Rs 6 crore to Rs 8.5 crore. Regarding the…