Capacit'e Receives Rs 5,370 Million LOI From TenX Realty

02 Mar 2026 CW Team

Capacit'e Infraprojects Limited has received a letter of intent from TenX Realty Limited on behalf of Raymond Limited for a contract valued at Rs 5,370 million (mn) excluding GST for construction work in Thane (West). The award covers construction of Towers F, G and NTA and a retail building within the Address by GS-3 and Invictus-2 projects. The company received the LOI on 26 February 2026. The projects form part of a master planned residential and retail development in a suburban Mumbai locality.

The contract was issued to the company by TenX Realty Limited, which acts for Raymond Limited's realty division and is a step-down subsidiary of Raymond Limited. The scope comprises detailed civil and finishing works for the specified towers and associated retail spaces. The contract scope also includes integrated site services and coordination across subcontractors and vendors. The order represents a repeat assignment and preserves continuity in the client relationship.

The managing director indicated that the company welcomed the repeat orders as an endorsement of its project delivery capabilities and client service. He noted the company remained confident in meeting prescribed timelines and in maintaining quality standards across execution phases. The company said it would leverage its track record to manage resources and workflows for timely completion. Project mobilisation will focus on skilled manpower deployment, supply chain continuity and regular quality checks.

The award is expected to contribute materially to the company's current order book and supports its objective of expanding its presence in residential and mixed use construction segments. The company reiterated its commitment to safety, compliance and stakeholder engagement during the execution of the projects. The arrangement is likely to strengthen the company backlog and support future bidding efforts. The LOI value stands at Rs 5,370 million (mn), excluding applicable taxes and levies.

Infrastructure Urban

01 May 2026

How Hormuz is Hijacking Indian Highways

At the recently held RAHSTA Round Table on 29th April in Pune, and earlier during our webinars for Cement Expo by Indian Cement Review and by FIRST Construction Council on manufacturing construction equipment for the world, one thread lay common: the industry is being subjected to a cost-push chain reaction moving from crude oil → freight/insurance → steel, cement fuel, bitumen, polymers, packaging, logistics and finally project margins. Indeed, the West Asia crisis caused by the war and the Hormuz Strait blockade, which does not directly concern us, has turned around and hit us. If the wa..

Nila Spaces Lists VIDA on Alt DRX, Enables Fractional Ownership

Nila Spaces has listed its GIFT City residential project VIDA on Alt DRX, marking the first tokenised asset under the platform’s “Gujarat Tri-City Investment Opportunity.” The move enables retail investors to participate in premium real estate across Ahmedabad, Gandhinagar and GIFT City starting from the equivalent of 1 sq ft ownership.The initiative aims to address traditional barriers in residential real estate investment, including high entry costs, low liquidity and lengthy transaction cycles. By enabling fractional ownership, the model reduces entry thresholds from Rs 7.5 million–..

Mindspace REIT Reports Strong FY26 Performance

Mindspace Business Parks REIT reported a strong performance for Q4 FY26 and FY26, supported by robust leasing activity, rising occupancy and improved financial metrics across its portfolio.Portfolio committed occupancy increased by 1.2 per cent QoQ to 95.7 per cent, while the REIT achieved gross leasing of 3.5 million sq ft in Q4 FY26 and 7.1 million sq ft for the full year. Pre-leasing remained strong, with nearly 2.0 million sq ft secured at Mindspace Madhapur, Hyderabad, reflecting sustained demand from global occupiers.Revenue from operations rose 31.0 per cent YoY to Rs 8.88 billion in Q4..