Hubtown Limited · NSE:HUBTOWN
Hubtown — Investor Presentation (November 2025)
42 slides from Hubtown's investor presentation, Nov 12, 2025
Slide 1: Cover letter to stock exchanges
November 12, 2025 To, BSE Limited National Stock Exchange of India Limited The Corporate Relations Department, The Listing Department, 1st Floor, P.J. Towers, Dalal Street, Exchange Plaza, Bandra Kurla Complex, Fort, Mumbai - 400 001, Bandra (East), Mumbai – 400 051, Maharashtra, India Maharashtra,
Slide 2: Hubtown Limited Investor Presentation November 2025
HUBTOWN LIMITED 25 South INVESTOR PRESENTATION November 2025
Slide 3: Disclaimer
Disclaimer 1. This document is intended solely for general informational purposes about Hubtown Limited (hereinafter “the Company” or “HTL”) and does not constitute an offer, solicitation, recommendation, or contract to purchase, sell, or subscribe to any securities, real estate, or assets of the Co
Slide 4: Contents
1 Company Overview 2 Key Growth Drivers CONTENTS 3 Key Strengths 4 Project Portfolio 5 Operational & Financial Performance 3
Slide 5: Company Overview
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Slide 6: Hubtown Limited: At a Glance
Hubtown Limited: At a Glance Key Projects 35+ Years of Legacy Delivered 47 projects Established in 1989, listed on 12.6 msf completed projects the NSE and BSE in 2007 1.4 msf completed area in ongoing projects Hubtown Seasons 25 Downtown (Chembur) (Mahalaxmi) 9 msf rehabilitation area Diversified Pr
Slide 7: Pioneer in Diverse Real Estate Developments
Pioneer in Diverse Real Estate Developments Private Slum Municipal PPP by Maharashtra Slum Rehabilitation Rehabilitation Corporation PPP Government Amongst Pioneer in PPP Amongst Pioneer in Private Amongst Pioneer in PPP Amongst Pioneer in real project for Slum Slum Rehabilitation project project by
Slide 8: Business Segments
Business Segments Presence Across Multiple Segments Industrial / Residential Commercial / Office Infrastructure • Constructed 30+ residential projects • Constructed 10+ office space projects • Constructed industrial & infrastructure across Mumbai and Pune projects across Mumbai and Gujarat • Include
Slide 9: Key Growth Drivers
Key Growth Drivers Where are we Heading 8
Slide 10: Key Factors Fueling Expansion
Key Factors Fueling Expansion 2. Merger of Hubtown Promoter 3. Disciplined Approach 1. High-Potential Portfolio Group Entities for Improving Balance Sheet Develop Existing Land Bank Ongoing merger** A Continuous Approach to Debt Reduction Hubtown Ltd 3 Promoter Group Ongoing - Strategic Debt Reducti
Slide 11: High-Potential Portfolio
25 West 01 High-Potential Portfolio Artistic impression 10
Slide 12: Focus on Ultra Luxury / Premium Residential Segment
Focus on Ultra Luxury / Premium Residential Segment We currently possess one of the largest land holdings in Mumbai, particularly in South Mumbai, featuring one of the highest saleable square footages with the potential to develop ultra-luxury projects Ongoing Luxury Projects Upcoming Luxury Project
Slide 13: Merger of Promoter Group Entities
25 South 02 Merger of Promoter Group Entities Artistic impression 12
Slide 14: Merger Summary
Merger Summary • The group consists of various projects under listed entity "Hubtown Limited", and 3 major projects i.e., 25 West, 25 South, 25 Downtown held under Promoters entities: o 25 West Realty Private Limited: entity developing the Bandra (W) project o 25 South Realty Limited: entity develop
Slide 15: Merger – Resultant Expansion
Merger – Resultant Expansion Before Merger Post Merger +450 Bn Total Development Value INR 850 Bn INR 1,300+ Bn +5 msf Real Estate Holdings ~30.0 msf 35.0+ msf +INR 26.7 Bn Debt Position INR 10.6 Bn INR 37.3 Bn 14
Slide 16: Snapshot of Major Entities Being Merged
Snapshot of Major Entities Being Merged 25 West Realty Private Limited 25 South Realty Limited 25 Downtown Realty Limited • Project Location: Prabhadevi • Project Location: Mahalakshmi • Project Location: Mount Mary, Bandra (W) • Sale Area: 1 mn sq ft • Sale Area: 3.6 mn sq ft • Sale Area: 600k sq f
Slide 17: Disciplined Approach for Improving Balance Sheet
25 West 03 Disciplined Approach for Improving Balance Sheet Artistic impression 16
Slide 18: Listed Company Debt Overview
Listed Company Debt Overview (INR Mn) Sr No. Lender Facility Availed ~o/s Sep 2025 Increase/Decrease As of 2017 1 Banks 9,140 0 -100% 2 NBFCs / Domestic Funds 8,085 0 -100% 3 HNIs / Private 1,642 643 -61% 4 Foreign Funds 4,546 0 -100% Post 2021 5 NBFCs / Domestic Funds 11,052 9,957 -10% TOTAL 34,467
Slide 19: Private Company's Debt Overview
Private Company's Debt Overview (INR Mn) Sr. No. Lender Facility Availed ~o/s Sep 2025 Increase/Decrease 1 25 South (Institution / Fund) 25,914 18,223 -30% 2 25 Downtown (Fund) 8,426 8,426 0% TOTAL 34,340 26,649 -22% • There is no debt currently on 25 West, whereas the debt on 25 South and 25 Downto
Slide 20: Key Strengths
Key Strengths What will facilitate our success 19
Slide 21: Competitive Strengths & Differentiators
Competitive Strengths & Differentiators Exceptional Land Bank Deep Knowledge • Experienced in complex projects across various aspects in Mumbai • Our land bank has been acquired through years of patience and deep local expertise • Achieved success in some of the complex projects in Mumbai • Each pro
Slide 22: Driven by Experienced Promoters
Driven by Experienced Promoters Mr. Hemant Shah Mr. Vyomesh Shah Mr. Rushank Shah Mr. Khilen Shah Mr. Kushal Shah Chairman & Co-Founder MD & Co-Founder • A civil engineer with • A chartered • Graduate from the • Graduated in BSc • BBA Graduate from 45+ years of industry accountant with 40+ Universit
Slide 23: Project Portfolio
Project Portfolio 22
Slide 24: Ongoing Projects
25 Downtown Ongoing Projects Artistic impression 23
Slide 25: 25 South, Prabhadevi
25 South, Prabhadevi Landmark project at prime location between the Siddhivinayak temple and Prabhadevi beach 5.5 acres freehold land, with 3 towers of 57 storey each Comprises of large apartments, with average size of ~3,500 sq ft (carpet area) 1 mn sq ft- 90%+ sold | 1 Tower handed over and remain
Slide 26: 25 West, Mount Mary, Bandra (W)
25 West, Mount Mary, Bandra (W) Large project in Bandra (W), located between the Mount Mary church and Sea Link Comprises of 4 Towers with ~600,000 sq ft development 1 Tower launched (~185,000 sq ft), with ~50% sold till date 1 Tower under construction and 3 planned for commencement in FY26 / 27 Pro
Slide 27: 25 Downtown, Mahalaxmi
25 Downtown, Mahalaxmi Large scale project in South Mumbai, Golden Triangle area in terms of revenue and area under development Total development of ~3.6 mn sq ft across 5 residential towers and a proposed commercial tower Project is part of an urban renewal scheme, including rehabilitation, buildin
Slide 28: Hubtown Seasons, Chembur
Hubtown Seasons, Chembur A 10-acre land development in Chembur 1 mn sq ft development across 11 Towers, 6 launched, 3 completed and further 3 targeted for completion FY26 Excellent connectivity to Eastern Expressway, Chembur Station, BKC and South Mumbai’s CBD Forest themed development, with 5 acres
Slide 29: Hubtown Rising City, Ghatkopar
Hubtown Rising City, Ghatkopar Phase 1 – part of the larger project development on 5-acres of land comprising of 1-3 BHK apartments 6 Towers comprising ~650k sq ft, ~75% inventory sold 2 Towers OC received; remaining towers targeted for completion by FY26 PPP with Govt. of Maharashtra, including ~1
Slide 30: Hubtown Premiere, Andheri (W)
Hubtown Premiere, Andheri (W) A 5.5- Acre land parcel in Andheri (W), adjacent to Kokilaben Ambani Hospital on J.P. Road ~500k sq ft development across 5 towers; 4 towers launched with ~98% sold Construction of 2 towers and retail completed; remaining 2 towers targeted for completion by December 202
Slide 31: 4x Gujarat Projects
4x Gujarat Projects Acquired under PPP tender from GSRTC (Govt. of Gujarat) All 4 projects have commercial and retail spaces starting from ~INR 2 Mn Vadodara and Surat projects are completed. Surat is 100% sold, Ahmedabad Mehsana Vadodara is 50% sold Ahmedabad and Mehsana projects are partially sold
Slide 32: 27 West, Balewadi – Pune
27 West, Balewadi – Pune A 2.5-acre land parcel with prominent 300+ ft frontage on Mumbai– Pune Highway ~390k sq ft saleable area; projected topline ~INR 6.0 Bn Executed by local partner, Sanas Group on Development Management basis Hubtown retains land ownership and is entitled to all project surplu
Slide 33: Major Upcoming Projects
Major Upcoming Projects Artistic impression 32
Slide 34: 25 Estates: Weekend Homes, MMR
25 Estates: Weekend Homes, MMR ~175 acre land parcel with further aggregation under process. Located in the Western Ghats Extremely low density development, having ~160 villas with less than one house per acre, pricing from INR 25 Cr Exclusive profiled community; no rentals or short terms stays Curr
Slide 35: 25 Vistas, Thane
25 Vistas, Thane ~7-acre land parcel in Thane’s premium residential belt, between Upvan Lake and Yeoor Hills Development potential of ~1 mn sq ft Applied for approvals, LOI /plan approvals received Estimated Project timeline ~5 years Artistic impression Apartments designed with private lift lobbies,
Slide 36: Breach Candy - Residential (Erstwhile Mahalaxmi carpark)
Breach Candy - Residential (Erstwhile Mahalaxmi carpark) Boutique residential development in Breach Candy on Bhulabhai Desai Road with panoramic 270° sea views Part of a PPP with MCGM; offering ~40,000 sq ft free-sale area Planned spacious ~3,000 sq ft luxury residences Currently in planning stage;
Slide 37: Ghatkopar - Commercial
Ghatkopar - Commercial Commercial office park, part of the larger Rising City project, the commercial office park Planned multiple buildings with flexible office spaces for enterprises of all sizes Currently in planning stage; targeted launch in FY27 Excellent connectivity with quick access to major
Slide 38: Sunstream City, Mulund-Thane
Sunstream City, Mulund-Thane ~150 acres of freehold land spread over Mulund and Thane Planned gated township with walk-to-work urban design ~30 mn sq ft development potential, balanced between residential and commercial Prime location with ~5-minute walk to Thane Station and Eastern Express Highway
Slide 39: Other Upcoming Projects
Other Upcoming Projects Andheri - Affordable Biotech Park, Plotted Developments Hubtown Serene, BKC Housing Vadodara • Planned launch of plotted • ~300,000 sq ft premium • ~100,000 sq ft affordable • Holds 122-acre land parcel office development, housing project under a in Savli, Vadodara, developme
Slide 40: Operational & Financial Performance
Operational & Financial Performance 39 39
Slide 41: Q2 & H1 FY26 Highlights
Q2 & H1 FY26 Highlights Total Income (INR Cr) PBT (INR Cr) & PBT Margin (%) PAT (INR Cr) & PAT Margin (%) 25.6% 22.2% 15.4% 26.2% 20.9% 12.0% 13.3% 22.8% 498.3 130.7 113.7 263.3 265.3 58.5 139.3 35.7 40.7 31.7 * 35.2 29.2 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Q2 FY25 Q2 FY26 H1 FY25 H1 FY26 Q2 FY25 Q2 FY2
Slide 42: Thank You
Thank You Investor Relations Agency: Ernst & Young LLP | www.ey.com QUERIES: investorcell@hubtown.co.in vikash.verma1@in.ey.com abhishek.bhatt3@in.ey.com