Raymond forays into real estate sector

27 Mar 2019 Editorial Team

Raymond has ventured into the real estate development business by starting its new division Raymond Realty. For its real estate development project, the textile major has carved out a 20-acre land parcel of 125 acre contiguous land at Thane Cadbury Junction. The company is expected be develop a 3-million sq ft residential project on it.

The company has reportedly drawn this decision in order to enhance its shareholders’ value.

Spread across 20 acre, Raymond Realty is expected to develop a total of 3,000 residential units across 10 towers. Each of the towers will reportedly be of 42-storey and will house two-BHK apartments with carpet area configuration of 510 sq ft and 630 sq ft in aspirational category. That said, the project is expected to offer around 5 acre of green landscape area along with hundreds of trees.

The company has received all the requisite permissions for the project and is is expected to be completed in the next 5-7 years in phases. It is also planning to launch premium segment apartments with larger configurations after 6-9 months. Reportedly, it has already received around 450 applications for these apartments through soft launch of the project for its employees and their families.

Resources

03 Jun 2026

Jyoti Structures Launches Heat Safety Drive Across Sites

Jyoti Structures (JSL) has strengthened heat safety measures across its project sites and manufacturing facilities as temperatures rise across India. The company has implemented a Summer Safety Plan covering all transmission line projects to address risks related to heat stress, dehydration and worker fatigue.The initiative includes rescheduling work away from peak afternoon temperatures, provision of drinking water, ORS and lemon-salt solutions, and installation of rest shelters near work areas. Daily toolbox talks, worker health monitoring, first-aid preparedness, emergency transport arrange..

MHADA Declares 82 Buildings Most Dangerous in Central and South Mumbai

The Maharashtra Housing and Area Development Authority (MHADA) has declared 82 buildings as most dangerous across Central and South Mumbai and has appealed to residents to vacate immediately. The list, prepared after structural assessments by the authority, identifies buildings judged to pose imminent risk to occupants and to passersby. Local civic bodies have been asked to coordinate evacuations and to make arrangements for temporary shelter and rehabilitation for displaced households. Officials said the authority prioritised buildings with visible structural distress, severe cracking, tiltin..

Damage Reported At Halwara Airport Terminal After First Rains

Severe damage was reported at the terminal of Halwara Airport during the first major rain spell of the season, prompting immediate concern among aviation and local authorities. Images from the site showed water ingress and visible deterioration of the terminal interior, affecting passenger areas and ancillary services. The airport authority suspended certain operations temporarily to assess structural safety and ensure passenger wellbeing. Preliminary inspections have prioritised electrical systems and roof seals to prevent further water ingress. State aviation officials ordered a formal inqui..