Ten X Realty, with support from Raymond, is poised to revolutionise Mumbai with a massive Rs. 1,700 crore project in Mahim West.
Ten X Realty (TXRL), a subsidiary of Raymond, has been chosen as the developer for the revitalisation of Kumari Jethi T Sipahimalani CHS, also known as Navjivan Society, in Mahim West, Mumbai. This project, spanning across 3.6 acres, is poised to unlock a huge revenue potential exceeding Rs. 1,700 crore.
After obtaining the necessary approvals, both internally and externally, Ten X Realty will start on this transformational journey. Raymond's board of directors recently greenlit an investment of up to Rs. 301 crore in Ten X Realty, with Rs. 125 crore coming in the form of redeemable preference shares and the remaining Rs.176 crore through an Inter Corporate Deposit (ICD).
Posted By
Ruchi Mane
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Ruchi Mane is the Senior Editor at Houssed, leading the platform’s real estate news coverage. She tracks trends in India’s luxury property market while overseeing editorial strategy, PR outreach, and social media communication.