Vijay Raja Homes Private Limited (a Chennai based residential real estate developer) received ₹80 crore in strategic funding through the issuance of private, non-convertible debentures( NCDs ). Sundaram Alternates subscribed to this investment and it's a key milestone on the company's growth trajectory.

This new funding will help accelerate construction across all ongoing residential developments and allow for launching new projects that are currently in the planning or execution phases. This financing is consistent with Vijay Raja Homes strategy to strengthen its future project pipeline while maintaining momentum on existing construction and exercising prudent financial management.

Strong Ongoing Support from Sundaram Alternates

With this investment, total capital commitments from Sundaram Alternates to the group now exceed ₹100 crore through real estate credit funds managed by Sundaram Alternates (a full service-Wholly Owned Subsidiary of Sundaram Finance) demonstrating the ongoing belief of Sundaram Alternates in the ability of Vijay Raja Homes to execute their vision, adhere to accepted levels of governance and implement their overall business model. Use of private NCD enhances the financial acumen of the company as well as providing for long-term/informed growth prospects.

A Proven Track Record in Chennai

For the last 12 years, the company has delivered 986 residential units and has built a solid credibility in Chennai's residential real estate market. Its portfolio is highly-esteemed for combining functional designs, long-term value and customer-focused planning. Vijay Raja Homes has developed its reputation by constantly demonstrating its operational excellence, transparency and quality. 

VRX: The Transition to a New Growth Phase

Vijay Raja Homes is transitioning to VRX, a new phase in their long-term strategic vision to become a smart home community developer. VRX will continue to uphold the core values of Trust and Quality while implementing technology, design optimisation and sustainability to their projects. The goal of VRX is to have communities that conform to contemporary lifestyles and provide future-ready living.

Transformational Year Ahead: Doubling Number of Homes Delivered by 2026

2026 is set to be a defining year for VRX. The company is set to double the total number of homes it has built so far by adding another 967 homes to the portfolio. This shows the magnitude of its upcoming projects and the company's goals to become a major player in residential development in Chennai.

The infusion of capital from Sundaram Alternates will help make this possible as it will enable the company to mobilize more quickly across its development projects.

Leadership Perspective

Commenting on the strategic funding, Mr. Ashwin Chendilnathan, Joint Managing Director, Vijay Raja Homes, said:

“This funding from Sundaram Alternates is a strong endorsement of our growth strategy and execution approach. It enables us to strengthen our construction momentum, expand our development pipeline, and continue building smart residential communities that reflect evolving homeowner expectations.”

The Road Into The Future Is Bright

With the right financial support and strategic direction, VRX is poised to increase its presence in the major areas of Chennai. With the growing size and complexity of the residential market in Chennai, VRX is dedicated to providing innovative and quality housing with sound financial partnerships, thereby making a significant contribution to the development of Chennai.