Hubtown Limited — Important, 10-03-2025: Updates

Joynest Premises Private Limited, a subsidiary of Hubtown Limited, has successfully repaid debt used for the development of its luxury residential project "Hubtown Seasons" in Chembur. The financing was secured in September 2020 to develop five wings (A, B, C, D, and E). The construction of the project's first phase, consisting of six wings (A to F), is advancing well, with Wings D and E having received their occupation certificates (OCs). The company has sold over 82% of the inventory in the completed wings, indicating strong demand. Additionally, the company plans to launch Wing G within FY26, signaling further growth potential. Overall, this progress suggests a positive outlook for Hubtown's real estate endeavors.