Raymond Realty Expands Mumbai Presence with ₹3,000 Crore Kandivali Residential Project
Raymond Realty Limited has signed definitive documents to develop a residential project in Kandivali, Mumbai, with an estimated gross development value of approximately ₹3,000 crore. This new project marks a significant step in the company's strategic expansion plans and reinforces its commitment to building a strong pipeline of urban redevelopment projects.
Raymond Realty confirmed that it has entered into definitive agreements to develop a residential project in a prime location in Kandivali, Mumbai. The upcoming development is expected to generate a gross development value of approximately ₹3,000 crore. This project represents the company’s third redevelopment initiative in the western suburbs of Mumbai, highlighting its growing focus on redevelopment opportunities in key urban locations.
With the Kandivali project, Raymond Realty has now undertaken seven joint development projects across Mumbai. The company described the move as part of its broader strategic expansion plan aimed at strengthening its presence in high-value urban real estate markets. The addition also reinforces the company’s efforts to scale its residential portfolio while maintaining a pipeline of projects in key micro-markets within the Mumbai Metropolitan Region.
Harmohan Sahni, Chief Executive Officer of Raymond Realty, said the company is focused on expanding its portfolio in high-quality urban locations while maintaining disciplined capital deployment and strong execution standards. According to Sahni, the project is expected to contribute significantly to the company’s future growth while supporting strong end-user demand and delivering long-term value for investors.
Following the addition of the Kandivali project, the total gross development value of Raymond Realty’s real estate portfolio is expected to approach ₹43,000 crore. The company noted that the project will further strengthen its presence in Mumbai’s residential market and support its position as a growing real estate developer within the region. Raymond Realty Limited disclosed the development through a press release filed with stock exchanges under SEBI listing regulations on March 9, 2026.
Raymond Realty Limited is a leading real estate developer in India, known for its high-quality residential and commercial projects. The company has a strong track record of successful developments and is committed to delivering value to its investors and customers. With this new project in Kandivali, Raymond Realty is poised to further solidify its position in the Mumbai real estate market.
