Raymond Realty Limited has announced the signing of definitive agreements to develop a premium residential project in Kandivali, Mumbai, further strengthening its presence in the city's western suburbs.
The upcoming development is estimated to have a gross development value (GDV) of around Rs 3,000 crore, marking another milestone in the company's real estate expansion strategy.
The Kandivali project will be Raymond Realty's third development in the western suburbs of Mumbai and the seventh joint development project undertaken by the company in Mumbai. The move aligns with the company's strategic plan to scale its residential portfolio across high-growth urban locations.
With this addition, the total GDV of Raymond Realty's ongoing and planned real estate projects will reach nearly Rs 43,000 crore, highlighting the company's aggressive expansion in Mumbai's residential market.
Commenting on the development, Harmohan Sahni, CEO of Raymond Realty, said the company remains focused on expanding its portfolio in premium urban micro-markets while maintaining strong execution capabilities.
He stated that the company is on track to scale its business through disciplined capital deployment, strong project execution, and a focus on end-user demand, which continues to remain robust in Mumbai's residential sector. The Kandivali project is expected to contribute meaningfully to Raymond Realty's future growth while strengthening its position as a key developer in the city.