Raymond Realty and ICICI Prudential Real Estate Development Fund, in its capacity as a financial investor, will jointly invest in Ten X Realty for facilitating the redevelopment for one of its projects in the Mumbai Metropolitan region.
“The proposed financial investment by ICICI Prudential Real Estate Development Fund marks a defining milestone in Raymond Realty’s growth trajectory across the Mumbai Metropolitan Region (MMR). By combining the century long Legacy of trust, excellence & quality of the Raymond Group with a highly disciplined, asset-light strategy, we are uniquely positioned to unlock massive value in Mumbai’s most premium micro-markets,” Harmohan Sahni, Managing Director & CEO, Raymond Realty said.
“By combining the century long Legacy of trust, excellence & quality of the Raymond Group with a highly disciplined, asset-light strategy, we are uniquely positioned to unlock massive value in Mumbai’s most premium micro-markets. This investment allows us to scale rapidly, optimize capital efficiency, and accelerate project timelines while staying firmly committed to our core promise of sharp execution and delivering long-term value to our stakeholders,” he said.
Raymond Realty continues to cement its position as one of the Mumbai Metropolitan Region’s (MMR) fastest-growing developers. The Total portfolio is now Rs 52,000 Crore in Gross Development Value (GDV), reflecting a diversified and high-growth asset base across the MMR.
The company has successfully executed the strategic pivot to the Asset light Joint Development Agreement (JDA) model. The JDA portfolio now comprises eight projects with a combined revenue potential of Rs 27,000 Crore, approximately 52 per centof the overall GDV as on date.
