Updates

Mahagun Opens Sales for Mezzaria 2.0 in Greater Noida West Sector 12

Mahagun My Laagoon Phase 1 Brings Waterfront Living to Sector 12, Greater Noida West

MAHAGUN COMMERCIAL VILLA PLOTS — New Project Coming Up in Ram Mandir Precinct, Ayodhya

MAHAGUN MEZZARIA 2.0 — New Project Coming Up in Sector 12, Greater Noida West, Greater Noida

MAHAGUN MYWOODS MART — New Project Coming Up in Sector 16C, Greater Noida

Mahagun Group Secures ₹225 Crore from CSL Finance to Accelerate Project Delivery Across Noida Portfolio

Mahagun Group has raised ₹225 crore in fresh debt funding from CSL Finance to fast-track construction and ensure timely delivery across its ongoing Noida projects. The infusion follows the group's earlier closure of a ₹650 crore debt line linked to its Mahagun Medalleo project, which involved full repayment of principal and interest to Blackstone-backed ASK Property Fund.

Blackstone-Backed ASK Property Fund Exits Mahagun Medalleo for ₹650 Crore at 21% IRR

ASK Property Fund, backed by Blackstone, fully exited its investment in Mahagun's Medalleo project in Noida Sector 107, receiving ₹650 crore against a 2021 deployment of ₹310 crore, generating a 21% IRR. The exit also marked the complete closure of ASK's ₹1,500 crore 2018 debt fund at a 1.83x investment multiple.

NCLAT Directs Withdrawal of Insolvency Proceedings Against Mahagun After Settlement with IDBI Trusteeship

The National Company Law Appellate Tribunal (NCLAT) formally closed insolvency proceedings against Mahagun (India) after the developer reached a settlement with financial creditor IDBI Trusteeship Services on February 12, 2026. The settlement relates to a default of approximately ₹256 crore on non-convertible debentures tied to the Mahagun Manorialle project in Noida.

Mahagun Real Estate Clears Two Legacy MCA-Registered Charges Totalling ₹13.6 Crore in January 2026

Mahagun Real Estate Private Limited satisfied two long-standing charges registered with the Ministry of Corporate Affairs on 28 January 2026 — one originally registered in December 2017 and another in May 2022 — signalling continued balance-sheet clean-up ahead of broader debt restructuring activity in 2026.