Corporate News     30-Oct-23
Raymond's step-down subsidiary bags redevelopment project in Mumbai
Raymond announced that Ten X Realty, a step down wholly owned Subsidiary of the Company, has been selected as the ‘Preferred Developer' for redevelopment of Kumari Jethi T Sipahimalani CHS Ltd. (also known as Navjivan Society) located in Mahim West.

Spread across 3.6 acres, the project is strategically located at one of the most sought-after residential areas of Mumbai and estimated to have a revenue potential in excess of Rs. 1,700 crore over the project period. The Company will pursue this project post internal and external approvals, as required.

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