Raymond Limited, through its 100% owned step-down subsidiary Ten X Realty West Limited, has signed its fifth major Joint Development Agreement (JDA) for a prestigious residential project in Mahim West, Mumbai. The project is expected to generate revenue of approximately Rs. 1,800 crore.
This marks Raymond’s second residential development in Mahim West and reflects its ongoing strategic expansion within the Mumbai Metropolitan Region (MMR). With the addition of this project, the gross development value of Raymond’s real estate projects will now reach close to Rs. 35,000 crore.
The project is a part of Raymond’s strategy to capitalize on high-growth opportunities in the MMR real estate market, further establishing its strong presence as one of the country’s top 10 real estate players.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Real estate investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.
