Raymond Realty’s Ten X Realty West to Raise Rs 210 Crore From ICICI Prudential AMC Managed Fund
New Delhi, October 29, 2026: Ten X Realty West Limited, a wholly owned subsidiary of Raymond Realty, has agreed to secure a financial investment of Rs 210 crore from the ICICI Prudential Real Estate Development Fund, according to a press release issued by the company. The fund operates as a scheme under ICICI Prudential Real Estate AIF, a Category II alternative investment fund managed by ICICI Prudential AMC Limited.
Under the terms of the agreement, Raymond Realty and the fund will jointly invest in Ten X Realty West Limited to facilitate the redevelopment of a project located in the Mumbai Metropolitan Region (MMR). The capital infusion is aimed at accelerating the company’s asset-light expansion strategy and supporting project execution across premium micro-markets in the region.
The company has pivoted toward an asset-light Joint Development Agreement (JDA) model, with its JDA portfolio currently comprising eight projects. Overall, Raymond Realty maintains a real estate portfolio valued at approximately Rs 52,000 crore in Gross Development Value across the MMR.
“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),” said Harmohan Sahni, Managing Director & CEO, Raymond Realty. “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.”
