Delhi-based real estate developer, TDI Infrastructure Limited, has announced that it has become "debt-free" after having cleared all outstanding obligations amounting to Rs 2,000 crore without any restructuring, settlement, or waiver, the company said in a statement on July 24.
TDI said that its External Development Charges (EDC) dues stand fully paid, further strengthening its financial and operational standing. The company said that internal accruals and land monetization enabled the company to clean balance sheet by clearing the debt.
“Becoming debt-free has been a critical milestone in our transformation journey. It reflects our long-term discipline and commitment to delivering on-ground performance while maintaining financial integrity. We are now entering a new chapter focused on growth, efficiency, and scale,” TDI Infrastructure’s Akshay Taneja said in the statement.
As part of its upcoming plans, TDI Infrastructure is preparing for a relaunch of TDI City in Kundli near Sonipat on Delhi-Chandigarh national highway (NH-1). Spanning over 1,200 acres, the township remains one of the region’s most expansive integrated residential hubs.
Kundli has become a preferred choice for real estate developers and investors as it is linked with key areas of the national capital such as IGI Airport, Dwarka and with Gurugram through the Urban Extension Road-II (UER-2), Kundli-Manesar-Palwal Expressway.
The company is also planning to enter the Ludhiana micro-market with a new township project, expanding its footprint further in Punjab and Haryana.
TDI Infrastructure has a delivered portfolio of over 2,500 acres across key cities including Kundli, Mohali, Panipat, Rajpura, Faridabad, Agra, and Moradabad.
The company said that with a deleveraged balance sheet, the company is now sharply focusing on delivery, customer experience, and commercial asset monetization across its holdings.
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