Raymond Limited Announces 6th Major Joint Development Agreement - To develop Maiden Residential Project in Wadala, Mumbai-

Raymond Limited, through its 100% owned step-down subsidiary, Ten X Realty East Limited, has signed a Joint Development Agreement for a prestigious residential project in Wadala, Mumbai. The project, estimated to have a gross development value of approximately Rs. 5,000 crore, marks the Company's maiden venture in this sought-after area of Mumbai and is the 6th Joint Development 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. The Gross Development Value of Real Estate projects of the company will be close to Rs. 40,000 crores with this addition.