Raymond’s Realty to Launch INR 5,000 Cr Residential Project in Wadala, Mumbai

Raymond’s Realty, through its wholly owned subsidiary, Ten X Realty East, has signed a Joint Development Agreement (JDA) for its first-ever residential project in Wadala, Mumbai. This marks a significant milestone for the company as it ventures beyond Thane, reinforcing its expansion strategy within the Mumbai Metropolitan Region (MMR).

High-Value Development in Mumbai’s Prime Location

The Wadala project comes with an estimated gross development value (GDV) of INR 5,000 crore, positioning it as one of Raymond’s most ambitious real estate ventures to date. This move highlights the company’s strategic push into Mumbai’s premium residential market, capitalizing on the high demand for luxury and mid-segment housing in the city.

Raymond’s Growing Real Estate Portfolio

With this latest addition, Raymond’s total real estate portfolio now approaches a gross development value of INR 40,000 crore. This includes multiple luxury residential and commercial projects across Thane and MMR. The company is leveraging its brand trust and construction expertise to establish itself as a major player in Mumbai’s highly competitive real estate market.

Mumbai Metropolitan Region: A Key Growth Hub

The MMR real estate sector continues to see strong demand and rapid development, making it a prime location for high-value residential projects. Wadala, in particular, has emerged as a sought-after destination due to its strategic location, robust connectivity, and infrastructure development, including metro expansion and improved road networks.

Raymond’s Vision for Wadala’s Residential Market

With this new venture, Raymond’s Realty aims to create premium living spaces that cater to modern homebuyers. The company is expected to introduce state-of-the-art amenities, sustainable designs, and high-end construction quality, aligning with evolving lifestyle trends in Mumbai’s housing market.

Key Highlights of Raymond’s Wadala Project:

• First-ever residential project in Wadala, Mumbai, under Ten X Realty East.
• Joint Development Agreement (JDA) signed for the project.
• Estimated Gross Development Value (GDV) of INR 5,000 crore.
• Sixth major joint development project for Raymond’s Realty.
• Expanding beyond Thane, strengthening presence in Mumbai Metropolitan Region (MMR).
• Total GDV of Raymond’s real estate projects nears INR 40,000 crore.
• Wadala emerging as a premium residential hub with strong connectivity.
• Project to feature modern amenities, sustainable design, and luxury living spaces.

Source: Link…