Raymond Realty Signs Rs500 Billion Wadala Project Deal

02 Apr 2025 CW Team

Raymond Limited’s wholly-owned subsidiary, Ten X Realty East Limited, has signed a Joint Development Agreement for a residential project in Wadala, Mumbai, with an estimated Gross Development Value (GDV) of Rs 500 billion.

This marks Raymond Realty’s first venture in Wadala and its sixth joint development beyond Thane, aligning with the company’s expansion strategy in the Mumbai Metropolitan Region (MMR). With this addition, Raymond’s total GDV across real estate projects will approach Rs4 trillion, solidifying its position in the competitive market.

Strategic Growth & Market Performance Raymond’s shares were trading at Rs1,378.45, down 1.75% on the NSE at 1:15 PM today.

Having transitioned from a fabric manufacturer in 1925 to a diversified entity, Raymond Limited now focuses on real estate and engineering after demerging its Lifestyle Business in 2024. Raymond Realty has emerged among India’s top 10 real estate developers, delivering projects ahead of RERA deadlines.

Engineering Expansion Beyond real estate, Raymond’s engineering division continues to lead in files and hand tools manufacturing. The recent acquisition of Maini Precision Products Limited (MPPL) bolsters its presence in automotive, EV, aerospace, and defense sectors, targeting high-growth precision engineering markets.

This Wadala project marks another milestone in Raymond’s aggressive expansion within the MMR real estate sector.

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