Raymond Limited Signs 6th Major Joint Development Agreement for Residential Project in Wadala, Mumbai
Varahi media.com online news,Mumbai, April 1, 2025: Raymond Limited is excited to announce that its fully owned subsidiary, Ten X Realty East Limited, has entered into a Joint Development
Varahi media.com online news,Mumbai, April 1, 2025: Raymond Limited is excited to announce that its fully owned subsidiary, Ten X Realty East Limited, has entered into a Joint Development Agreement for a prestigious residential project in Wadala, Mumbai.
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This significant project is estimated to have a gross development value of approximately ₹5,000 crore and marks Raymond’s first residential development in the highly sought-after Wadala area. This also represents the company’s 6th Joint Development project, expanding beyond its existing developments in Thane, reinforcing its strategic growth within the Mumbai Metropolitan Region (MMR).
The new development aligns with Raymond Limited’s vision to capitalize on the growing opportunities in the MMR real estate market. The project is expected to play a crucial role in the company’s future growth, cementing its position as a major player in the region. With this addition, Raymond’s total Gross Development Value from real estate projects will approach ₹40,000 crore.
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