Raymond is in advanced talks with landowners to sign joint realty partnerships worth Rs 5,000 crore, betting big on the booming Indian real estate market.
Real EstateRaymondJoint Development AgreementsIndian Property MarketUrbanizationReal EstateJun 06, 2024
The proposed JDAs are worth Rs 5,000 crore.
The partnerships will focus on developing mid-range to luxury residential projects with an emphasis on quality construction, modern amenities, and sustainable development.
The sector is driven by factors such as rapid urbanization, growing nuclear families, and increasing demand for affordable housing.
Raymond's entry into the real estate sector is a strategic move to diversify its business portfolio and reduce its dependence on the textiles segment.
Raymond is a reputed Indian company with a strong brand presence in India, known for its quality products and engineering expertise.
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