Hubtown DLF Tardeo - 25 Downtown Settlement

Key take-aways from the Hubtown × DLF settlement

?800 crore exit price for DLF
- Twenty-Five Downtown (a Hubtown affiliate) will pay DLF ?800 crore in three tranches over two years.
- ?100 crore has already been released; the balance ?700 crore is secured by a mortgage on 1.5 lakh sq ft of saleable area within the project.
All litigation withdrawn
DLF has dropped its arbitration claims, NCLT proceedings, and RERA complaints against Hubtown, PNB Housing Finance, Omkara ARC, and other parties. This removes the legal overhang that had stalled progress since the 2021 loan default.
Shareholding now consolidated with Hubtown & Omkara ARC
After PNB Housing invoked pledges and Omkara ARC bought the distressed loan, DLF and Chinsha’s equity was effectively wiped out. The new structure gives Hubtown clear control to push execution.
Project finance is already in place
Three residential towers are MahaRERA-registered and construction funding has been tied up with Oaktree Capital. With the ownership dispute resolved, draw-downs and construction can proceed without lender reservations.
One of South Mumbai’s largest slum-renewal plays
- Size: 17 acres in Tardeo, directly abutting Willingdon Golf Course.
- Potential: ~4 million sq ft of saleable area across premium residential, retail, and possibly a hospitality component.
- Market value: >?10,000 crore at current south-Mumbai pricing.

Positive Drivers	Practical Implications
Clarity of title & timeline	Buyers, channel partners, and financiers can engage without fear of injunctions or shareholder disputes cropping up mid-way.
Secured payout structure	The use of on-project inventory as collateral for the settlement is a template we’re seeing more often—expect similar asset-backed resolutions in other stalled redevelopments.
Large inventory pipeline in a land-starved micro-market	Once launches begin (likely early-2026), look for bulk-buy opportunities for family offices and funds seeking scale in South Mumbai.
Regulatory momentum	MahaRERA has historically fast-tracked slum-renewal clearances once the SRA and finance pieces align; that speeds up pre-sales cycles.

We must never confuse elegance with snobbery