Raymond Limited has announced the signing of its 6th major Joint Development Agreement (JDA) through its wholly owned step-down subsidiary, Ten X Realty East Limited, for a maiden residential project in Wadala, Mumbai. The company disclosed the development via a press release dated April 1, 2025, filed under Regulation 30 of SEBI Listing Regulations.
This strategic project, located in the prime Wadala area of Mumbai, is estimated to have a gross development value (GDV) of approximately ₹5,000 crore. It marks Raymond’s first residential foray into Wadala, further extending its footprint within the Mumbai Metropolitan Region (MMR) beyond its ongoing projects in Thane.
With this addition, the total GDV of Raymond’s real estate portfolio nears ₹40,000 crore, reinforcing its position among the top 10 real estate developers in India. The project aligns with the company’s strategy to capitalize on growth opportunities in the high-demand MMR market.
Raymond Realty, part of Raymond Limited, has made a strong mark by delivering its maiden project two years ahead of the RERA timeline, and this new venture in Wadala further cements its growing real estate presence.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please consult a qualified financial advisor before making any investment decisions.
