Hubtown Board Approves Amalgamation Scheme for Ultra-Luxury '25 Downtown' Project in South Mumbai
The proposed amalgamation of a project spanning 18 acres with 3.7 million square feet of free sale area, featuring ultra-luxury residences and commercial spaces, represents a substantial addition to Hubtown Limited's portfolio. This corporate action is likely to significantly enhance the company's market position, asset base, and future revenue streams, thus having a high impact.
The announcement details the board's approval for the amalgamation of a large-scale, ultra-luxury real estate project in a prime location. The project shows significant progress with MahaRERA approvals, launched bookings, and excellent market response, indicating strong future revenue potential and asset growth for Hubtown Limited.
* Hubtown Limited's Board of Directors approved a Scheme of Arrangement on 26 August 2025, for the proposed amalgamation of the '25 Downtown' project. * The '25 Downtown' project, owned by 25 South Realty Limited (75% stake), is located in Mahalakshmi, South Mumbai, abutting the Willingdon Golf Club. * Developed under the Urban Renewal Scheme of MCGM, the project spans approximately 18 acres, with about 5.5 acres (approximately 2.22 hectares) designated for the free sale portion. * The free sale component will comprise approximately 3.7 million square feet (37 lakh square feet) of ultra-luxury residential apartments and an office/commercial tower. * Residential apartments will range from a minimum of 3,400 square feet up to 25,000 square feet (carpet area) across 5 towers. * Each apartment offers unrestricted views of the Willingdon Golf Course and the Arabian Sea, with select apartments also providing views of the Mahalaxmi Race Course. * Three out of the five residential towers have received MahaRERA approval, have been launched, and have commenced bookings, reportedly receiving an excellent response. * Construction on the free sale portion has begun, and over 40% of the overall rehabilitation obligations are completed. * The project features design by master architect Hafeez Contractor for the facade and world-renowned designer Bill Bensley for the opulent interiors. * Residential towers are planned to be between 65 to 83 floors. * Amenities exceed 200,000 square feet (2 lakh square feet), including 3 swimming pools, 10+ event spaces, 2 cinemas, South Mumbai's largest gym in a residential building, padel and pickleball courts, and a podcasting studio, among others.
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Hubtown Limited filed this with the NSE as a statutory disclosure, categorised under mergers & acquisitions. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Hubtown Limited. Read the original for the full detail.