Raymond Limited Announces 5th Major Joint Development Agreement for a Prestigious Residential Project in Mahim West, Mumbai

Raymond Limited, through its 100% owned step-down subsidiary, Ten X Realty West Limited, has signed a Joint Development Agreement for a residential project in Mahim West, Mumbai. This project, the Company's second in this area, is estimated to have a revenue potential of approximately Rs. 1,800 crore and marks the Company's 5th project outside of its existing developments in Thane. This strategic expansion within the Mumbai Metropolitan Region (MMR) will contribute substantially to the Company's future growth and solidify its presence as a key player in the region. With the addition of this project, the Gross Development Value of Real Estate projects of the company will be close to Rs. 35,000 crores.