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Raymond Realty launches Bandra project with Rs 2,000 cr revenue potential

In a regulatory filing, Raymond Ltd informed that the company has launched its first project outside Thane through a joint development agreement (JDA) with a land owning entity

Construction, building, real estate
Raymond is into textiles, apparel, denim, consumer care, engineering and real estate businesses\
Press Trust of India New Delhi
1 min read Last Updated : Feb 20 2024 | 5:45 PM IST

Raymond Realty, the real estate arm of Raymond Group, on Tuesday said it will develop a premium housing project at Bandra in Mumbai with an estimated revenue of around Rs 2,000 crore.

In a regulatory filing, Raymond Ltd informed that the company has launched its first project outside Thane through a joint development agreement (JDA) with a land owning entity.

The project named 'The Address by GS, Bandra' is spread over an area of 2.74 acres.

"This project also promises substantial economic returns, with projections indicating a revenue generation over Rs 2,000 crore," Raymond said.

Raymond is into textiles, apparel, denim, consumer care, engineering and real estate businesses.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Topics :RaymondReal Estate Realtyhousing project

First Published: Feb 20 2024 | 5:45 PM IST

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