West Avenue Realty raises Rs 500 million via NCDs

West Avenue Realty has raised Rs 500 million through non-convertible debentures (NCDs) within three years of operations, signalling strong investor confidence in its business model and execution capabilities.

The funding comes amid a cautious investment environment, with limited capital deployment across markets. The company’s ability to attract capital highlights investor trust in its disciplined investment approach and project execution track record.

Since inception, West Avenue Realty has focused on acquiring projects in key Mumbai locations including Khar, Juhu, Carter Road, Mahalaxmi, Dadar, Wadala and Panvel, targeting high-potential micro-markets.

The capital raised will be utilised to expand its project pipeline, strengthen its presence across Mumbai and accelerate ongoing developments.

Commenting on the development, Vaibhav Kanabar of West Avenue Realty said, “The milestone demonstrates the confidence that our investors have in our vision… it is a strong indication that we are committed to growing responsibly and creating value.”

Saumitra Bhatkhalkar added, “As we expand our footprint, we remain focused on delivering high-quality developments, with design standards at the core.”

The development underscores the company’s early growth momentum and positioning within Mumbai’s real estate market.