Capacit'e Infraprojects Limited has secured a Letter of Intent (LOI) from TenX Realty Limited, acting on behalf of Raymond Limited, for a contract valued at approximately ₹537 crore, excluding GST.

The order involves the construction of ‘Towers F, G, NTA’ and a retail building as part of the Address by GS-3 Project and Invictus-2 Project in Thane (West). The development is expected to strengthen the company’s position in the real estate construction segment while expanding its portfolio of large-scale infrastructure projects.

Commenting on the development, Rahul Katyal, Managing Director, Capacit’e Infraprojects Limited, said, “We are thrilled to have been entrusted by our valued client, Raymond Limited's Realty Division, with repeat orders through TenX Realty Limited (step-down subsidiary of Raymond Limited). We're delighted by the repeat orders, showcasing our strong partnership and dedication to exceptional service.”

He further emphasised the company’s execution capabilities and commitment to project delivery, stating, “With a strong track record of project delivery, we're confident in our ability to meet timelines and exceed client expectations. At Capacit'e, we're dedicated to expanding our portfolio with quality orders and showcasing our growing expertise in project execution.”

The latest order highlights the continued collaboration between the companies and reflects confidence in Capacit’e’s construction capabilities. The project is also expected to contribute to ongoing real estate development activity in Thane, a key residential and commercial hub in the Mumbai Metropolitan Region.

The company said the contract reinforces its focus on securing quality projects and strengthening long-term client relationships while maintaining consistent growth in the infrastructure sector.