Raymond Realty secures major residential redevelopment in Mumbai

Raymond Realty has successfully secured a significant redevelopment project for a housing society in Mumbai, with an expected turnover of over Rs 2,000 crore.

In a recent filing with the regulator, Raymond Ltd announced that its subsidiary, Raymond Realty, has been chosen to execute the redevelopment of MIG VI CHS Ltd in Bandra East, Mumbai. The project has received unanimous approval from the association’s members.

This latest venture is expected to add significantly to the estimated Gross Development Value (GDV) of Raymond’s ongoing projects, taking the total in Mumbai City to approximately Rs 7,000 crore. Earlier, 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.

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