Our Vision
Raya Terraces reflects a clear judgement about how Juhu should evolve. The scale is intentionally controlled, the planning deliberately private, and every decision guided by long familiarity with the neighbourhood. Raya builds forward without unsettling what already belongs.
Who are we?
Iconic Developments is the real-estate arm of The Acres Group, an evolution of the erstwhile Apurva Natvar Parikh Group. Founded by Natvarlal Chotalal Parikh in the same year India gained independence.
The Acres Group began in 1947 as a response to a young nation’s needs and steadily evolved into a multi-sector group shaped by technical expertise and long-term thinking.
For over seven decades, The Acres Group has helped build infrastructure, communities and institutions, always guided by consistency and integrity. Real estate, for The Acres Group, is not a departure, but a natural extension of standards upheld across generations.
Residential Units in Mumbai
Sq. Ft. of Space Development
Years of Construction Experience
Largest Container Yard in Asia
Commissioned Tasa Yard, the largest container yard in Asia, at Mumbai Port.
First Inland Container Depot
Began operations at India’s first Inland Container Depot (ICD) at Pragati Maidan, New Delhi.
Technology-led Innovation
Introduced hydraulic axles in India for the first time for heavy cargo movement.
Pioneering Multimodal Logistics
Executed India’s first multimodal logistics operation, transporting reactors from Trichy to Kaiga via rail, sea, and road.
Port CFS Leadership
Handled all CFS-based containerised cargo at J.N. Port, Mumbai.
International & Industry Firsts
Executed the first project in Sri Lanka (Sapugaskanda Power Project Phase 1) and imported self-propelled axles into India for the first time.
Benchmark Heavy Transport
Transported India’s heaviest equipment, weighing 1,500 tons.
Logistics & Real Estate Expansion
Launched Mumbai’s first private-sector customs bonded warehouse and entered real estate with the opening of The Acres Club.
Marine Transportation Milestone
Transported a 103-metre column from India to Al Jubail, Saudi Arabia.
The Acres Launch
Launched The Acres, a first-of-its-kind private club in Eastern Mumbai, followed by the region’s first branded hotel.
National Recognition
Received an award from Smt. Sonia Gandhi for rapid execution of the Chembur Slum Rehabilitation Housing Project (MMRDA), Mumbai.
Regional & Heavy Lift Leadership
Launched Sri Lanka’s first major post-war real estate project, Atlantis Developments, and transported 3,000-ton equipment for Maersk Oil, Qatar.
Middle East Venture
Expanded into the Middle East with operations in Muscat, Oman.
