Raymond Limited — Updates, 01-04-2025: Press Release

Raymond Limited’s 100% owned subsidiary, Ten X Realty East Limited, has signed a Joint Development Agreement for a notable residential project in Wadala, Mumbai, marking the company's first venture in this prominent area. The project boasts a gross development value of approximately ₹5,000 crore and represents the sixth joint development initiative by Raymond, expanding their footprint in the Mumbai Metropolitan Region (MMR). This development aligns with the company's strategy to tap into opportunities in the dynamic MMR real estate market, which is expected to significantly boost Raymond's future growth. Post this addition, the total gross development value of all their real estate projects will approach ₹40,000 crore, solidifying Raymond's position as a major player in the region's real estate sector. The outlook remains positive as the company continues to enhance its presence in high-demand markets.