Joint Venture9 Mar 2026, 11:44 am
Raymond Realty Limited Announces 7th Major Joint Development Project in Mumbai
AI Summary
Raymond Realty Limited has signed definitive documents to develop a prestigious residential project in Kandivali, Mumbai, estimated to have a gross development value of approximately Rs. 3,000 crore. This is the Company's third project in Western Suburbs of Mumbai and the 7th Joint Development project in Mumbai city. The project is poised to contribute substantially to the Company's future growth and solidify its presence as a key player in the city, with an estimated gross development value of approximately Rs. 43,000 crores.
Key Highlights
- Raymond Realty Limited has signed definitive documents for a residential project in Kandivali, Mumbai with an estimated gross development value of Rs. 3,000 crore.
- This is the Company's third project in Western Suburbs of Mumbai and the 7th Joint Development project in Mumbai city.
- The project is expected to contribute significantly to the Company's future growth.
- Raymond Realty's gross development value will be close to Rs. 43,000 crores with this addition.
- Raymond Realty is a rapidly growing real estate developer in Mumbai with a strong presence across the MMR.