Capacit’e Infraprojects Limited has announced the receipt of a Letter of Intent (LOI) from TenX Realty Limited, a step-down subsidiary of Raymond Limited, for civil construction work worth ₹220 crore. The project, titled The Address by GS – Bandra, will be located at Nirmal Nagar, Off Western Express Highway, Bandra (East), Mumbai.

The contract encompasses civil core and shell works for two basements, a ground floor plus 23 upper floors, and non-tower areas as part of the premium residential development.

Commenting on the development, Mr. Rahul Katyal, Managing Director of Capacit’e Infraprojects, said, “We are thrilled to receive another prestigious order from Raymond Limited’s realty division through TenX Realty. These repeat orders reflect the trust our clients place in us and highlight our consistent delivery and commitment to quality. We are confident in our ability to meet timelines and surpass expectations.”

The project adds to Capacit’e Infraprojects’ growing portfolio in the high-rise and urban residential segment, reinforcing its position as a preferred contractor among India’s leading real estate developers.

Capacit’e Infraprojects has built a reputation for delivering large-scale urban infrastructure, with expertise spanning high-rise buildings, townships, commercial spaces, hospitality, and institutional projects. With a strong technological foundation and extensive experience in the EPC (Engineering, Procurement, and Construction) domain, the company continues to scale up its operations and reinforce its standing in the construction industry.

Also Read: TATA HOUSING ACHIEVES HIGHEST EVER ANNUAL RESIDENTIAL SALES

You May Also Like

How Mumbai Builders Report Profits: The Percentage Completion Method Explained – With a Real Case Study

Mumbai builders rely on the Percentage Completion Method to recognise revenue yearly as projects progress. In a recent ITAT ruling, Supreme Mega Construction LLP won a ₹6.33 crore tax battle, with the Tribunal confirming correct application of ICAI guidelines…

Mumbai Home Sales in Oct were less than Sep

Mumbai Home sales in the month of October 2022 was less than…

Are luxury homes the reason for High Stamp Duty in Feb?

Total revenue collected through stamp duty and registration fees in Mumbai in…

Luxury Housing Unsold Stock Rises 10%.

Luxury housing demand is losing the steam. At least 89,200 luxury units…