Delhi-NCR Realty Firm RPS Group Clears ₹236 Crore Debt

Delhi-NCR-based realty firm RPS Group announced on Tuesday that it has cleared all its outstanding debt amounting to ₹236 crore to banks and other financial institutions.

According to the company's statement, the debt repayment includes the complete clearance of all institutional and bank borrowings, including dues owed to L&T Finance and Phoenix. With this clearance, the company stated it has become completely debt-free.

Shanti Prakash Gupta, Chairman of RPS Group, stated that clearing the debt ahead of schedule reflects the company's commitment to financial prudence and stakeholder trust. He added that this milestone strengthens the firm's foundation for future growth.

Rakesh Chand Gupta, Managing Director of RPS Group, noted that the debt has been cleared utilizing strong operational cash flows.

Over the past 20 years, RPS Group has delivered 11 million square feet of real estate area. The company is currently developing a large 34-acre mixed-use project located on the main Mathura Road.

"Clearing significant debt entirely through operational cash flows is a notable milestone for any real estate firm, especially in a capital-intensive sector like infrastructure and property development. This move not only reduces financial overheads and interest burdens but also significantly enhances the company's credibility with institutional lenders, customers, and stakeholders. For businesses operating in the Delhi-NCR market, achieving a debt-free status provides the financial flexibility required to execute large-scale developments, such as mixed-use projects, while navigating market cycles with greater stability and confidence." — Dr. Shishir Gupta, Founder & CEO, StartupLanes