The debt, raised two years ago, supported the residential phase of 102 Downtown, a 10-acre joint venture with Prozone Realty. The project features a 4.5 million sq. ft. development potential, including 1.3 million sq. ft. of residential spaces and plans for a shopping centre poised to become one of the largest malls in Mumbai’s western suburbs.

Parthh K Mehta, Chairman and Managing Director of Paradigm Realty, attributed the early repayment to financial discipline and operational efficiency. He acknowledged Edelweiss Financial Services' funding as instrumental in expediting the delivery of the first phase, which includes 600 apartments.

This successful debt repayment underscores the project’s robust financial management and strong market performance, setting the stage for further development of the township.