Paradigm Realty repays Rs 175-crore debt to Edelweiss
Wed, Nov 27, 2024 5:01 PM

Paradigm Realty repays Rs 175-crore debt to Edelweiss

A Flip by Avya Verma
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Paradigm Realty has prepaid Rs 175 crore in debt to Edelweiss Financial Services, two quarters early, thanks to strong sales and refinancing. The debt, with a 13% interest rate, was raised to fund the 102 Downtown development project. Paradigm has also secured a new Rs 135 crore loan at 13% interest, which can be reduced by 1% on achieving performance milestones.

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