Vijay Raja Homes Secures ₹80 Crore Strategic Funding from Sundaram Alternates (Real Estate Performing Credit AIF) to Accelerate Growth

Chennai, Jan 30th 2026 – Vijay Raja Homes has successfully secured ₹80 crore in strategic funding via privately placed Non-Convertible Debentures (NCDs).

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. This funding will be deployed to accelerate construction across ongoing projects and support the launch of new residential developments, strengthening the company’s expansion roadmap.

Sundaram Alternates has maintained a strong partnership with Vijay Raja Homes Pvt Ltd since October 2023. This latest deal brings the total capital sanctioned to the group to over INR 100 crore across the real estate credit funds managed by Sundaram Alternates, a wholly owned subsidiary of Sundaram Finance. Over the last 12 years, Vijay Raja Homes has successfully delivered 967 homes, building a strong reputation for quality, reliability, and customer trust.

As the brand transitions into 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 is set to deliver another 967 homes, effectively doubling its legacy footprint while reinforcing its commitment to 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.

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