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Mahagun Group has secured INR 225 crore funding from CSL Finance Ltd to support the completion of its ongoing real estate projects. The fresh capital is expected to improve the company's financial position and help speed up construction across its portfolio in the Delhi-NCR region. The funding comes after the company closed its earlier debt, indicating a cleaner balance sheet and improved financial discipline. The developer, which has already delivered 20 projects, plans to use the funds to ensure timely delivery and maintain steady progress amid evolving market conditions.
Mahagun Group has raised INR 225 crore from CSL Finance Ltd to support the completion of its ongoing residential and commercial projects. The company stated that the funding will strengthen its financial position and help accelerate execution across multiple developments in its portfolio.
The latest funding comes at a time when real estate developers are focusing on improving liquidity and ensuring timely project delivery, especially in key markets like Delhi-NCR. The company indicated that the capital infusion would provide the required push to maintain construction timelines and meet buyer commitments.
Amit Jain, Director of Mahagun Group, stated that securing fresh funding along with the successful closure of its previous debt marked an important step in strengthening the company's financial base. He added that the company remains focused on speeding up execution and delivering projects as planned.
Mahagun Group has a track record of delivering 20 residential and commercial projects in the Delhi-NCR region. In recent years, developers in this market have increasingly relied on structured financing from NBFCs and financial institutions to maintain cash flow and complete projects on time, especially after tighter regulations and changes in buyer sentiment.
The company's latest funding move reflects a broader trend where developers are prioritising financial discipline, reducing legacy debt, and securing targeted funding to complete ongoing developments rather than aggressively launching new projects.
Source PTI
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