Arbour Investments' Credit Facility for Paranjape Aspire Fully Repaid Six Months Ahead of Schedule
Credit Facility Fully Repaid on 30 June 2026
Paranjape Aspire repaid its outstanding facility entirely through project receivables, cash generated by home sales and construction progress on 30 June 2026, marking an exit for Arbour Investments six months before the originally scheduled maturity date. No refinancing, no new capital raised elsewhere, just the project paying its own way out.
The early repayment signals strong sales momentum and construction execution at the residential project in Andheri West. Arbour had sanctioned 35 crore for the project; in the end, only a portion of that was ever drawn, a sign of just how well the project sold on its own.
Structure and Oversight
In 2023, Paranjape Aspire, a residential project in Andheri West's SVP Nagar pocket, was still in its early construction phase when Arbour Investments decided to back it. Eighty-three mid-income homes, a developer with a track record, and a Mumbai micro-market where demand had begun to outpace supply. Arbour structured a credit facility, put its oversight framework around it, and settled in to monitor.
Independent experts reviewed every part of the deal before it closed, including technical, legal, and financial due diligence, with a trustee and an escrow bank overseeing the funds throughout.
Partnership Perspective
For Paranjape Schemes (Construction) Ltd., the exit closes out what both sides describe as a smooth partnership. "This exit matters not because capital was repaid early, but because of how it was repaid," said Chirag Mehta, Founder, Arbour Investments.
About the Developer
Founded in 1987, Paranjape Schemes Construction Ltd has successfully delivered over 200 projects spanning 25 million square feet. The portfolio is heavily weighted toward Pune's western corridor (Hinjewadi, Bavdhan, Wakad, Tathawade), with a smaller but meaningful presence in Mumbai and Thane.
Group Chairman, Mr. Shrikant Paranjape and Managing Director, Mr. Shashank Paranjape have been associated with the real estate development business in India for over 30 years.