Real estate giant Hubtown Limited is working on a master plan to develop a new city on 200 acres of land near Mumbai. Hubtown Limited a leading real estate company has revealed its master plan that can change the face of Mumbai and its surrounding areas.  The company revealed its presentation for the investors. The presentation revealed the company’s ambitious project like 25 Estates to be developed on 200 acres of land in Khalapur. The company also plans to become debt-free within the next two to two-and-a-half years. According to Hubtown Limiteds regulatory filings the 25 Estates project is designed as a city weekend homes and luxury villas. The company also plans to launch another major project 25 Vistas across 10 lakh square feet in Thane. Hubtowns current projects are 25 Downtown in Mahalaxmi which is South Mumbai’s largest residential project and 25 West a another luxury project in Bandra West. Debt Reduction Plan Hubtown has also made its financial strategy a reduction of over 76% in corporate debt. The company also plans to be entirely debt-free within 24 to 30 months. It plans to complete its ongoing projects spread in 7.1 million square feet and launch new projects from its 23.1 million square feet land. Additionally the company also plans to generate funds by selling non-core assets. Apart from large and luxury projects Hubtown is also focusing on compact housing. For example the Hubtown Harmony project features 3BHK apartments in just 525 square feet while the Hubtown Celeste project offers 2BHK apartments in just 330 square feet.