Raymond Realty Secures Major Housing Redevelopment in Mumbai

Raymond Realty has been selected to redevelop a housing society in Bandra East, Mumbai, with an estimated revenue potential of over Rs 2,000 crore. The project was unanimously approved by the society members. This brings the total estimated GDV of Raymond's projects in Mumbai to around Rs 7,000 crore.

Raymond Realty has successfully secured a significant redevelopment project for a housing society located in Mumbai, with an anticipated revenue exceeding Rs 2,000 crore.

In a recent regulatory filing, Raymond Ltd announced that its subsidiary, Raymond Realty, has been chosen to undertake the redevelopment of MIG VI CHS Ltd in Bandra East, Mumbai. The project has received unanimous approval from the society's members.

This latest venture is expected to contribute significantly to the estimated Gross Development Value (GDV) of Raymond's ongoing projects, raising the total to approximately Rs 7,000 crore within Mumbai City. Previously, Raymond Realty had signed agreements for joint development projects in Mahim, Sion, and Bandra, with an estimated development value of over Rs 5,000 crore.