Raymond Signs Joint Development Agreement for Residential Project in Mahim West, Mumbai

Mumbai: Ten X Realty West, a wholly-owned step-down subsidiary of Raymond, has entered into a joint development agreement for a new residential project in Mahim West, Mumbai. The project is estimated to have a revenue potential of approximately Rs. 1,800 crore, marking the company's second residential venture in the prime suburban locality.

With this addition, the gross development value of Raymond's real estate projects is set to approach Rs. 35,000 crore. The expansion underscores the company's growing footprint in Mumbai’s real estate market, reinforcing its strategy of leveraging premium locations for high-value developments.