Raymond Realty Signs Rs500 Billion Wadala Project Deal
Real Estate

Raymond Realty Signs Rs500 Billion Wadala Project Deal

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.

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.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code