Raymond Realty Secures Mumbai Housing Society Redevelopment Project, Aims for ₹2,000 Crore Revenue

Raymond Realty has landed a significant project to redevelop a housing society in Mumbai, targeting over ₹2,000 crore in revenue. Raymond Ltd announced in a regulatory filing on Monday that its subsidiary, Raymond Realty, will redevelop the MIG VI CHS Ltd in Bandra East, Mumbai. This decision received unanimous approval from the society’s members.

The board of Raymond Ltd has given the green light for the project, which is expected to generate substantial revenue over its duration.

This new venture adds to Raymond Realty’s growing portfolio, which already includes redevelopment projects in Mahim, Sion, and Bandra. Together, these projects have an estimated development value of over ₹5,000 crore. With the inclusion of the latest project, Raymond Realty’s total Gross Development Value (GDV) for ongoing projects in Mumbai now stands at approximately ₹7,000 crore.