Raymond signs joint agreement to build Rs 5000-cr housing project in Mumbai
Raymond signs joint agreement to build Rs 5000-cr housing project in Mumbai
NEW DELHI: (Apr 1) Realty firm Raymond Ltd has signed a joint development agreement to develop a housing project in Mumbai with an estimated revenue potential of Rs 5,000 crore.
In a regulatory filing on Tuesday, the company informed that its wholly-owned step-down subsidiary, Ten X Realty East Ltd, has signed a Joint Development Agreement (JDA) for a residential project in Wadala, Mumbai.
"This landmark project is estimated to have a gross development value of approximately Rs 5,000 crore...," the company said.
