Mahagun Group Secures ₹225 Crore from CSL Finance to Accelerate Project Delivery Across Noida Portfolio
Mahagun Group Raises ₹225 Crore from CSL Finance to Accelerate Project Delivery
NCR-based developer Mahagun Group on Wednesday said it has secured ₹225 crore in funding from CSL Finance to accelerate project completion across its portfolio. The capital infusion follows a significant debt repayment cycle, marking a shift toward liquidity-focused growth across the company's Noida developments.
Debt Exit and Fresh Capital Cycle
The group had recently provided an exit to Blackstone-backed ASK Property Fund by repaying ₹650 crore for its Medalleo project in Noida Sector 107. This involved repayment of ₹310 crore in principal and approximately ₹340 crore in interest. The exit concluded a partnership that began in 2021, when ASK Property Fund invested Rs 310 crore in the project, covering 2.4 million square feet of saleable area.
The fund reported a 21 per cent internal rate of return (IRR) upon its exit. The successful closure enabled Mahagun to access fresher capital at what the company frames as more favorable terms, with the new CSL Finance debt focused directly on construction acceleration.
Strategic Use of Fresh Capital
The infusion of fresh capital will enable the company to fast-track construction and focus on timely delivery, according to the company statement. The infusion of fresh capital further enhances liquidity and enables the group to fast-track construction while maintaining its focus on timely delivery.
Commenting on the development, Mahagun Group Director Amit Jain said that securing fresh funding, alongside the successful closure of the firm's previous debt, marks an important step in strengthening its financial foundation.
Background on Mahagun's Portfolio
Mahagun Group is a funded company based in Noida (India), founded in 1995. The group is synonymous with development of icons in its current area of operations in Ghaziabad and Noida regions of NCR and has already delivered approx. 15.76 million sq ft covering the development of approx. 11,500 residential units, besides hotels and commercial spaces. The development of approx. 11.57 million sq ft covering about 7,500 units is currently in progress.
The group's ongoing Noida portfolio includes multiple projects across sectors ranging from Sector 12 in Greater Noida West to Sector 107 and Sector 150 on the Noida-Greater Noida Expressway. The latest capital raise targets completion schedules across these developments as market demand for ready housing continues to support delivery timelines.
Recent Regulatory Resolution
The Mahagun Group had last month entered into a settlement with IDBI Trusteeship Services Limited, which had initiated insolvency proceedings against the developer. This led to the National Company Law Tribunal (NCLT) allowing withdrawal of the insolvency petition at the firm's request. The February 2026 settlement resolved proceedings that had been pending since August 2025.