Raymond Realty Signs 7th Joint Development Project in Mumbai
Filing Summary
Raymond Realty Limited has announced the signing of definitive documents for a new residential project in Kandivali, Mumbai. This project, with an estimated gross development value of approximately Rs. 3,000 crore, is the company’s third redevelopment project in Mumbai’s Western Suburbs and its seventh joint development project in the city. The project aligns with Raymond Realty’s strategic expansion plans. The company’s total gross development value for real estate projects is now close to Rs. 43,000 crore. Details are available on the company’s website as per SEBI regulations.
Raymond Realty Limited has signed definitive documents to develop a residential project in Kandivali, Mumbai. This project is estimated to have a gross development value of approximately Rs. 3,000 crore. It marks the company’s third redevelopment project in the Western Suburbs of Mumbai.
This development is the seventh joint development project undertaken by Raymond Realty in Mumbai. The project is part of the company’s strategic expansion plan in the city. The total gross development value of Raymond Realty’s real estate projects is now close to Rs. 43,000 crore.
The announcement was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information is also available on the company’s website as required by SEBI regulations.
Raymond Realty Limited is a real estate developer headquartered in Mumbai. It is part of the Raymond Group, known for its legacy of trust and quality. The company focuses on branded real estate development and has a strong presence in the Mumbai Metropolitan Region. Since entering the real estate sector in 2019, Raymond Realty has established itself among the top 10 real estate players in India, delivering residential and commercial projects characterized by design and execution.