Raymond Realty to Develop ₹3,000-Crore Residential Project in Kandivali, Mumbai

Raymond Realty has signed definitive documents to develop a residential project in a prime location of Kandivali, Mumbai.

This project is estimated to have a gross development value of approximately Rs. 3,000 crore and marks the Company’s third project in Western Suburbs of Mumbai. This also represents the 7th Joint Development project undertaken by the Company in Mumbai city as per the strategic expansion plan of the Company.

Commenting on the development, Harmohan Sahni, CEO, Raymond Realty, said, “As we continue to scale our portfolio across high-quality urban locations, we are on track to compound growth with execution excellence and disciplined capital deployment, while delivering strong end-user demand and sustained investor returns.”

The project is poised to contribute substantially to the Company’s future growth and solidify its presence as a key player in the city. With this addition, the Gross Development Value of Real Estate projects of the company will be close to Rs. 43,000 crores.