Raymond Realty Limited Announces 7th Major Joint Development Project in Mumbai

Mumbai, March 9, 2026: Raymond Realty Limited has secured a deal to develop a high-profile residential project in Kandivali, marking its third major venture in Mumbai’s Western Suburbs. According to a press statement, the development, estimated to have a gross development value (GDV) of approximately INR 3,000 crore, is the company’s seventh joint development project in the city, aligning with its strategic asset-light expansion model.

This new addition propels the company’s total real estate portfolio to a staggering GDV of nearly INR 43,000 crore. Highlighting the firm’s growth trajectory, CEO Harmohan Sahni stated, “As we continue to scale our portfolio across high-quality urban locations, we are on track to compound growth with execution excellence and disciplined capital deployment, while delivering strong end-user demand and sustained investor returns.”

The project is expected to be a major growth driver, solidifying Raymond Realty’s position as a dominant player in Mumbai’s competitive real estate market. By focusing on prime urban locations and disciplined financial management, the company aims to capitalize on the sustained demand for premium housing in the region.