LUCINA LAND DEVELOPMENT LIMITED

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Returns (YTM)

13.35%

Min. Investment

₹ 1,01,665.68

Remaining Tenure

3Y 2M 10Days

Payment Terms

Monthly

Highlights

Credit Rating

IVR A-/STABLE

Seniority

SENIOR

Security

Secured

Default History

Zero

100% owned by Embassy Developments Ltd (EDL), ensuring strategic alignment & timely financial support

Strong credit enhancement (CE) : Unconditional, irrevocable joint & several guarantees from Embassy (EDL) & other group entities

Large strategic land bank : Embassy’s ~3,232-acre land bank across Mumbai, NCR & Chennai provides strong long-term development visibility

Favorable Project Profile: Approved Panvel (Mumbai) project in a high-growth, well connected (JNPT port, Navi Mumbai Airport).

Robust Structural Protections: Escrow-controlled cash flows with DSRA (1-quarter), ISRA (2-months) & T-3/T-2 guarantee invocation ensure high payment security

Company Financials

Revenue

PAT

Debt

Net Worth

Important disclaimer

About Issuer

Lucina Land Development Limited is a Delhi-based real estate company, incorporated in 2006. The company focuses on property development, construction, and land projects. As part of Embassy Developments Limited, Lucina benefits from the group’s experience and structured approach to planning, execution, and compliance. The company is guided by a qualified board and dedicated committees that oversee operations, finance, and CSR activities. With transparent processes and steady project management, Lucina aims to deliver developments that are organised, compliant, and dependable.

Total Annual Revenue

16.06 Cr (FY - 2025)

Year of Inception

2006

Industry

Corporate

Head Office

NEW DELHI

Type of Issuer

Corporate

Current MD/CEO

Mr. Meyyappan Ramanathan

Credit Rating / Outlook

A- STABLE

IVR

Rating Rationale

Rating Date: 10-Mar-2025

Credit rating by different rating agencies indicates the bond issuer’s ability to repay its debt obligations. A bond can be rated by one or more SEBI registered credit rating agencies e.g. CRISIL, CARE, ICRA, IND, BWR, ACUITE, INFOMERICS.
Bonds/NCDs with A credit rating are considered to have an adequate degree of safety regarding timely servicing of debt obligations. Such Bonds/NCDs carry low credit risk.
Stable Outlook suggests that the rating is unlikely to change significantly in the near to medium term, indicating a stable credit profile of the issuer.

Other Important Details & Disclosures

Issuer Name

LUCINA LAND DEVELOPMENT LIMITED

Security Name

13.5% LUCINA LAND DEVELOPMENT LIMITED Secured Rated Listed NCD Maturity 30-Jan-2029

ISIN

Copy

INE0JZO07032

Face Value

₹ 1,00,000

Coupon Rate

13.5%

Coupon Type

FIXED

Payment Terms

Monthly

Maturity Date

30-Jan-2029

Clean Price

₹ 101.89

Dirty Price

₹ 101.67

Current Yield

13.2499%

Yield to Maturity

13.3524%

Mode of Issue

Private Placement

Date of Issue

17-Oct-2025

Listed

Yes

Instrument Type

Taxable

Security

Secured

Seniority

SENIOR

Perpetual

Trustee Details

IDBI Trusteeship Services Limited

Universal Insurance Building, Ground Floor, Sir P.M. Road, Mumbai 400001

Registrar Details

Skyline Financial Services Private Limited

D-153A, 1st Floor, Okhla Industrial Area Phase - 1, New Delhi - 110020

Looking For More Information ?

Download Prospectus

Taxation

10%

TDS on Interest Income*

*Given TDS is indicative and fully claimable while filing ITR. The interest income from this bond will be taxable and will appear in the additional source of income in your ITR. Please consult your tax advisor for precise taxation details
As a listed bond, it is subject to capital gains tax based on the holding period. A holding period of less than 1 year qualifies as short-term, while more than 1 year qualifies as long-term.
You can submit your Form 15G/15H to the registrar and debenture trustee of the bond to avoid the TDS deduction. Download Form

Registrar details: Skyline Financial Services Private Limited D-153A, 1st Floor, Okhla Industrial Area Phase - 1, New Delhi - 110020

Unit

Investment Amount

₹ 1,01,665.68

Total Returns

₹ 31,645.72

Total Receivable

₹ 1,33,311.4

Cashflow Timeline

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FAQs about LUCINA LAND DEVELOPMENT LIMITED bonds

How to buy this LUCINA LAND DEVELOPMENT LIMITED bond online?

You can invest in bonds online in under 5 minutes. To buy LUCINA LAND DEVELOPMENT LIMITED bond online follow the steps below:

Login/signup at GoldenPi
Upload your documents online to complete the KYC
Pay online via payment gateway and receive bond units in your demat account

What is the yield of this LUCINA LAND DEVELOPMENT LIMITED bond?

13.3524% is the current yield of this LUCINA LAND DEVELOPMENT LIMITED bond. A bond’s current yield indicates the annual return based on its current market price and annual coupon payment.
In addition to current yield, the yield to maturity (YTM) of this LUCINA LAND DEVELOPMENT LIMITED bond is 13.3524%, which indicates the total expected return if the bond is held till the maturity date. It is calculated using the XIRR method considering current price, face value, coupon payments, and time to maturity.

Is it safe to invest in bonds?

Investing in bonds is relatively a safer option but it depends on factors like:

The creditworthiness of the issuer indicated by the credit rating
The debt quality of the bond indicated by its seniority and security
Your investment goals and risk appetite

If you are an existing bond investor and want to sell your bond holdings before maturity, you can do so through the secondary market. This can be done either through exchanges such as BSE or NSE, or you can also request a quote from your relationship manager at GoldenPi.

How to redeem this LUCINA LAND DEVELOPMENT LIMITED bond?

To redeem this LUCINA LAND DEVELOPMENT LIMITED bond, bond, kindly first check its redemption value and redemption schedule. This can be found by downloading the cash flow from the “Calculate Your Returns” section of this page or by contacting the support team at GoldenPi.
Once you buy this bond, the units would be reflected in your demat account.
Upon maturity, the bond units held in your demat account will be automatically debited on the maturity date, and if the maturity date falls on a bank holiday, the redemption amount will be paid out on the next working day.
The funds will be credited to the bank account linked to your demat account. The process of redeeming this LUCINA LAND DEVELOPMENT LIMITED bond is generally simple and straightforward. Contact our support team for more information.

Is this LUCINA LAND DEVELOPMENT LIMITED bond tax-free?

No, this LUCINA LAND DEVELOPMENT LIMITED bond is not tax free. The interest income received from these bonds will be treated as “income from other sources” in the ITR and the tax will be calculated as per your income tax slab.

To know more about taxation in detail please read this article: https://goldenpi.com/blogessentials/bond-market/taxation-on-gains-from-bond-investments/

Can I sell this LUCINA LAND DEVELOPMENT LIMITED bond before the maturity date?

Yes, it is possible to sell this LUCINA LAND DEVELOPMENT LIMITED bond before maturity. However, as the sale process happens in the secondary market, the price can be determined by a variety of factors, including interest rates, credit ratings, company performance, and market demand.

To know more about the sale process, contact us at https://goldenpi.com/contact-us

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Talk to our Support Team for free. We will help you through your investment journey.

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Cashflow Timeline

Timeline

Total Receivable*

Net Receivable**

2025

₹ 1,146.58

₹ 1,031.92

31 Dec

Interest

₹ 1,146.58

Interest

₹ 1,031.92

2026

₹ 13,500

₹ 12,150

2027

₹ 36,128.3

₹ 34,915.47

2028

₹ 65,347.89

₹ 64,713.1

2029

₹ 17,188.63

₹ 17,169.77

* The interest amount is paid as per total invested face value (₹ 100000) and annual coupon rate of 13.5%. When the bond enters the staggered maturity cycle, it will be calculated based on the outstanding face value.

** The net interest receivable is after 10% TDS for Indian Residents. However for NRI 30% TDS is deducted. The deducted TDS can be claimed while filing ITR.

Highlights

Company Financials

About Issuer