Hubtown to amalgamate major projects under reorganisation plan

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The consolidation plan includes both commercial and residential projects

By BL Mumbai Bureau

Updated - September 25, 2026 at 12:25 PM. | Mumbai

Hubtown Ltd, a Mumbai Metropolitan Region-focused real estate developer, plans to consolidate multiple mega projects under the company’s umbrella to improve operating performance and create a large development pipeline.

The consolidation plan includes both commercial and residential projects. The company was erstwhile known as Akruti City.

As part of the reorganisation plan, Hubtown will amalgamate promoter-held entities associated with projects including 25 Downtown, 25 South, 25 West and Rising City. The proposed consolidation is expected to bring over 6 million square feet of carpet area and over ₹50,000 crore of gross development value (GDV) into the listed company.

The 25 Downtown projects have an estimated development potential of about ₹38,400 crore, while 25 West and 25 South have estimated development potential of around ₹6,600 crore and ₹6,200 crore, respectively.

These projects give Hubtown exposure to premium and ultra-luxury residential markets in South and Central Mumbai. The company has indicated that following the completion of the mergers, which are currently in process, Hubtown’s gross development value will be in the region of ₹1.3 lakh crore.

Besides the amalgamation of promoter led projects, Hubtown has also lined up a slew of new projects. Based on the company’s existing land reserve, Hubtown has indicated that its upcoming pipeline is in excess of 33 million square feet of carpet area, with a gross development value exceeding ₹1 lakh crore. This includes Sunstream City, which has a development potential of 26.64 million square feet across residential and commercial segments.

In FY26, pre-sales reached ₹4,382 crore against ₹3,922 crore logged in FY25. Collections increased to ₹1,910 crore in FY26, compared with ₹1,584 crore in FY25.

The listed entity has simultaneously shown an improvement in reported financial performance. FY26 total revenue stood at ₹833 crore, EBITDA at ₹342 crore and PAT at ₹168 crore, compared with total revenue of ₹526 crore, EBITDA of ₹234 crore and PAT of ₹55 crore in FY25.

Established in 1989 and listed on the stock exchanges in 2007, Hubtown has delivered 47 projects to date.

Published on September 25, 2026

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