Advertisement
When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
Raymond Realty has completed definitive agreements to develop a residential project in Kandivali, Mumbai. The project is planned to have a gross development value of about INR 30 billion, reflecting the company's continued focus on expanding its footprint in key Mumbai suburbs. The agreements were signed earlier this week, marking a step forward in Raymond Realty's development pipeline. This move aligns with the firm's broader strategy of leveraging demand in well connected locations. The Kandivali project is expected to add significant residential inventory in the area and support the developer's growth plans.
Raymond Realty Ltd has finalised definitive documents for a new residential development in the Kandivali suburb of Mumbai. The agreements were signed earlier this week, enabling the company to proceed with detailed planning and implementation. Advertisement
The residential project is expected to have a gross development value of around INR 30 billion. Raymond Realty noted that this valuation reflects the anticipated sales potential and construction scale of the development.
This project adds to Raymond Realty's ongoing efforts to expand its residential portfolio in the Mumbai metropolitan area, a market that has seen steady demand for housing in well connected suburbs. Kandivali, in particular, is a location that has attracted developers due to its infrastructure links and growing community appeal.
The company expects the project to progress through regulatory approvals and into construction phases in the coming months, adhering to standard industry timelines and quality benchmarks.
Source Reuters
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
