Raymond Realty raises Rs 210 cr from ICICI Prudential Real Estate Development Fund

Raymond Realty on Monday said it has raised Rs 210 crore from ICICI Prudential Real Estate Development Fund to finance a project in Mumbai region.

In a regulatory filing, the company informed that its subsidiary Ten X Realty West Ltd has agreed to secure a financial investment of Rs 210 crore from the Fund.

Raymond Realty and the Fund will jointly invest in Ten X Realty West for facilitating the redevelopment for one of its projects in the MMR (Mumbai Metropolitan Region).


The ICICI Prudential Real Estate Development Fund is a scheme of ICICI Prudential Real Estate AIF, a Category II AIF (Alternate Investment Fund).

Harmohan Sahni, Managing Director & CEO, Raymond Realty, said: "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."

Raymond Realty is one of the leading real estate developers in the country.