Saya Group Clears Rs. 1,500 Crore Debt, Routing for Expansion

NCR-based real estate developer Saya Group has successfully cleared approximately Rs. 1,500 crore of debt from multiple financial institutions and investors over the past five years.

The cleared debt comprised term loans, Non-Convertible Debentures (NCDs), and Guaranteed Emergency Credit Line (GECL) facilities from leading financial institutions including IIFL Finance Limited, Yes Bank, and 360 One.

This milestone underscores Saya Group’s strong financial discipline, strategic project management, and commitment to sustainable growth.

Commenting on the achievement, Vikas Bhasin, Managing Director, Saya Group, said: “Clearing Rs. 1,500 crore of debt over the last five years reflects our strong financial fundamentals, efficient project execution, and unwavering commitment to our stakeholders. Saya Group has always prioritized timely delivery, transparency, and responsible growth. With a robust balance sheet and exciting new projects in the pipeline, we are well-positioned for our next phase of expansion.”

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Saya Group stands among the very few developers in the Ghaziabad–Noida corridor to have delivered all projects in full regulatory compliance and with no land dues pending.

Every development by the company has been executed on fully paid-up land parcels, reinforcing its reputation for financial integrity and operational excellence.

Established over 25 years ago, Saya Group has evolved from developing low-rise floors and villas to creating landmark high-rise residences and premium commercial destinations. The company’s extensive portfolio spans 4.99 lakh sq. m. of delivered and ongoing residential and commercial developments.

Its signature residential projects, Desire Residency, Saya Zenith, Saya Zion, and Saya Gold Avenue—are home to over 4,000 families. On the commercial front, Saya Piazza (Noida) and Saya SouthX (Greater Noida West) collectively cover 2.20 lakh sq. m., attracting top retail, dining, and entertainment brands. Occupancy Certificate (OC) applications for both have already been submitted.

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With a debt-free growth outlook, strong brand equity, and multiple launches planned across the NCR, Saya Group is entering an exciting new phase, poised to further strengthen its leadership in the luxury and lifestyle real estate segment.