Raymond Limited to Develop ₹1800 Crore Housing Project in Mumbai, Its Second in Mahim West
Real estate firm Raymond Ltd has partnered with a landowner to develop a significant housing project in Mumbai, expected to generate an estimated revenue of ₹1800 crore. This marks the company's second major venture in the Mahim West area, further solidif
Mumbai Real EstateRaymond LimitedHousing ProjectMahim WestReal Estate DevelopmentReal Estate MumbaiFeb 07, 2025
The company has entered into a collaboration with a local landowner to develop a high-end residential complex in the Mahim West area, with an estimated project value of ₹1800 crore.
This significant investment underscores Raymond's commitment to expanding its footprint in Mumbai's competitive real estate market.
The Mahim West area has seen rapid development over the years, making it a prime location for real estate ventures.
With its strategic location and proximity to key commercial and leisure areas, the project is expected to attract a diverse range of buyers, from young professionals to families looking for a comfortable and convenient lifestyle.
Project DetailsThe housing project will span several acres and will include a mix of residential units, ranging from 1BHK to 4BHK apartments.
The design will focus on modern, sustainable living, incorporating green spaces, advanced security systems, and eco-friendly features.
The project is expected to be completed within the next three to four years, with construction set to begin in the coming months.
Raymond Limited Raymond Limited, established in 1925, is a leading integrated manufacturer of textiles and garments in India.
Over the years, the company has diversified its portfolio to include real estate, financial services, and hospitality.
Raymond's real estate division has been particularly active in recent years, developing several high-profile projects across major Indian cities.
Market ImpactThe Mumbai real estate market has been witnessing a resurgence, driven by a combination of economic growth, urbanization, and increased demand for quality housing.
Raymond's entry into the Mahim West area is expected to further boost the local economy and attract more investments to the region.
The company's strong brand reputation and track record of delivering high-quality projects will likely instill confidence among potential buyers and investors.
Community EngagementRaymond Limited is committed to responsible development and has stated that the project will include community-centric initiatives.
These may include the creation of public spaces, support for local businesses, and partnerships with educational and healthcare providers.
The company aims to create a holistic living environment that not only meets the needs of residents but also contributes positively to the community.
Future ProspectsWith the successful development of the Mahim West housing project, Raymond Limited is poised to expand its presence in Mumbai and other key real estate markets in India.
The company's strategic partnerships and focus on innovation and sustainability are expected to drive future growth and success in the real estate sector.
Frequently Asked Questions
What is the estimated value of the new housing project by Raymond Limited in Mumbai?
The estimated value of the new housing project by Raymond Limited in Mumbai is ₹1800 crore.
Where is the housing project located?
The housing project is located in the Mahim West area of Mumbai.
What types of residential units will be included in the project?
The project will include a mix of residential units, ranging from 1BHK to 4BHK apartments.
How long is the expected completion time for the project?
The project is expected to be completed within the next three to four years.
What are some of the key features of the housing project?
Key features of the housing project include modern and sustainable living, green spaces, advanced security systems, and eco-friendly features.
Related News Articles
Arvind SmartSpaces Ltd Sees Impressive Growth with 49% YoY Increase in Bookings
Arvind SmartSpaces Limited announces its Q1 FY25 financial results, boasting a 49% YoY growth in bookings and a 21% increase in collections.
PCMC Contract Worker Arrested in Bribery Case: Water Inspector Remains at Large in Pune
In a significant development, a PCMC contract worker has been arrested in a bribery case, while the water inspector remains on the run. The incident has raised concerns about corruption in public services in Pune, a city known for its rapid growth in real
Country Garden's Sales Decline Deepens in January, Adding to Troubles
Country Garden, one of China's largest real estate developers, has reported a significant drop in sales for January, exacerbating the company's ongoing challenges in the volatile property market.
Alt, the Holding Company for Property Share, to Raise Rs 2.8K Cr in New Funding
Mumbai: Alt, the holding company for Property Share, a leading platform in fractional real estate ownership, is set to raise Rs 2.8K crore. This move is expected to further boost the company's market presence and expand its innovative real estate solution
Pune Real Estate: Property Registrations Decline but Stamp Duty Collections Remain Stable
Pune's real estate market witnessed an 8% Year-on-Year decline in property registrations in January 2025, with a total of 16,330 properties registered. Despite this, stamp duty collections remained steady at ₹590 crore.
Good News! State Government Plans Cancer Hospital in Pune Amid Growing Patients
The state government has announced plans to build a specialized cancer hospital in Pune, a city with a rapidly growing population and increasing number of cancer patients. This move is expected to significantly enhance healthcare services and provide much