Raymond, through its 100 percent owned subsidiary Ten X Realty East has signed a joint development agreement (JDA) for its maiden residential project in Wadala, Mumbai. This marks the company's sixth major joint development project, reinforcing its expansion in the Mumbai Metropolitan Region (MMR).
With an estimated gross development value of Rs 5,000 crore, this project highlights Raymond's strategic push into Mumbai’s prime real estate market beyond its existing developments in Thane.
The company aims to capitalise on the dynamic MMR real estate sector, strengthening its position as a key player. Following this addition, the total gross development value of Raymond's real estate projects now nears Rs 40,000 crore.