Raymond Limited — Updates, 07-02-2025: Press Release

Raymond Limited’s 100% subsidiary, Ten X Realty West Limited, has signed a Joint Development Agreement for a prominent residential project in Mahim West, Mumbai. This project has an estimated revenue potential of approximately ₹1,800 crore, marking the company’s second venture in that area and its fifth project outside Thane. This significant move highlights Raymond's strategic intent to enhance its footprint in the Mumbai Metropolitan Region (MMR), aiming to capture opportunities in the thriving real estate market. With this addition, the Gross Development Value of Raymond’s real estate projects will approach ₹35,000 crore, reinforcing its position as a leading player in the sector. Investors should watch closely as this initiative aligns with the company's growth strategy and further establishes its market presence.