Contract Details
- Issuing Entity: Ten X Realty East Limited (A subsidiary of Raymond Realty Limited)
- Contract Value: Approximately ₹589 Crore (excluding GST)
- Project Scope: Civil Core & Shell Works for Project- The Address by GS- Wadala
- Project Location: Salt Pan Division, Shastri Nagar, Wadala, Sion (E), Mumbai - 400022
Transaction Characteristics
- Related Party Status: Confirmed that neither Promoters, Promoter Group, nor any Group Companies hold any interest in the entity issuing the LOI
- Transaction Type: Does not qualify as related party transaction
- Business Context: Received in normal course of business, forms part of ordinary civil contracting operations
Management Commentary
Mr. Rahul Katyal, Managing Director, commented:
- This represents a repeat order from Raymond Realty Limited through its subsidiary
- Described as a strong endorsement of longstanding partnership and reflection of client trust in execution capabilities
- Highlights company's proven track record of timely project delivery
- Emphasizes confidence in ability to exceed client expectations
- Notes that repeat orders validate company strategy of expanding portfolio with high-quality projects
- Underscores focus on building enduring client relationships and driving sustainable value creation
Company Background
Capacit'e Infraprojects Limited is described as a quality contractor in the building space working with almost all major real estate developers in India. The company specializes in:
- High Rise and Super High-Rise Buildings
- Townships and Mass Housing (residential space)
- Office Complexes, IT & ITES Parks (commercial space)
- Hospitality, Healthcare Facilities, Industrial Buildings, MLCPs (institutional space)