Vijay Raja Homes raises Rs 80 crore via NCDs from Sundaram Alternates for project expansion

Vijay Raja Homes has raised Rs 80 crore through a strategic private placement of Non-Convertible Debentures, strengthening its funding base for upcoming projects.The investment, subscribed to by Sundaram Alternates - Real Estate Performing Credit Fund – Series 5, marks a major milestone in the company’s expansion and growth strategy.

The funds will be used to fast-track construction across ongoing projects and support the launch of new residential developments, strengthening the company’s expansion roadmap.

Sundaram Alternates has been a long-term partner of Vijay Raja Homes Pvt Ltd. since October 2023. With this transaction, the total capital sanctioned to the group now exceeds ₹100 crore across the real estate credit funds managed by Sundaram Alternates, a wholly owned subsidiary of Sundaram Finance.

Over the past 12 years, Vijay Raja Homes has delivered 967 homes, building a strong reputation for quality, reliability, and customer trust.

As the brand transitions to its new identity as VRX, a smart home community developer, the company is entering a new phase of scale, innovation, and future-ready living. In 2026, VRX plans to deliver another 967 homes, effectively doubling its legacy footprint and reinforcing its focus on thoughtfully designed, high-quality housing.

Commenting on the development, Ashwin Chendilnathan, JMD, said: “This strategic impact funding from Sundaram Alternates is a strong vote of confidence in our vision and execution. It enables us to move faster, build better, and deliver smarter communities for the next generation of home buyers.” With this infusion, VRX aims to strengthen construction momentum, expand its project pipeline, and continue delivering homes that combine quality, innovation, and long-term value, driving sustainable growth in Chennai’s evolving residential landscape.Disclaimer: The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to it, and does not guarantee, vouch for or necessarily endorse any of the content.