Raymond Ltd Expands Real Estate Footprint with ₹50 Billion Wadala Project

Raymond Ltd has announced a significant Joint Development Agreement for a new project in Wadala, Mumbai, with an estimated Gross Development Value (GDV) of ₹50 billion. This strategic move aligns with Raymond's growth strategy to capitalize on opportunities in the dynamic Mumbai Metropolitan Region (MMR) real estate market. The company, known for its textile and apparel heritage, has diversified into real estate and engineering after demerging its lifestyle business in 2024. This project underscores Raymond's commitment to expanding its real estate portfolio, building on its existing successes in the region.

 

Source: The Economic Times