Raymond Realty bags second redevelopment project in Bandra (East)

Mumbai, Monday, 10 June 2024: Raymond Realty, the real estate arm of Raymond Group on Monday announced that it has been selected for the redevelopment of another residential project – MIG VI CHS Ltd situated in Bandra East, Mumbai. Raymond Realty won this project with 100% votes by the members of society for the redevelopment. The project is estimated to generate a revenue of more than ₹ 2000 crores over the project period. This expansion in projects is in line with the Company’s aggressive growth plans of Real Estate development in Mumbai Metropolitan Region.

Previously, Raymond Realty had signed three joint development agreements for projects in Mahim, Sion and Bandra with an estimated development value of over ₹ 5000 Crore. With addition of this project, estimated Gross Development Value (GDV) of projects under execution will be around ₹ 7000 Crore in Mumbai City.