Raymond’s Real Estate Arm Signs Joint Development Deal in Mumbai’s Mahim
Raymond's real estate subsidiary, Ten X Realty West, has inked a joint development agreement for a residential project in Mahim, central Mumbai, with an estimated value of Rs 1800 crore.
RaymondReal EstateMumbaiMahimJoint DevelopmentReal Estate MumbaiFeb 07, 2025
The company's real estate arm, Ten X Realty West, has entered into a joint development agreement for a 2-acre plot in the desirable neighborhood of Mahim, central Mumbai.
This project, expected to be valued at Rs 1800 crore, marks a strategic step in Raymond’s broader real estate ambitions.
InformationRaymond Limited has a rich history spanning over eight decades, established by late Shri Dhirajlal Hirachand Miller in 1925.
The company is renowned for its quality and innovation in the textile and garment industry.
In recent years, Raymond has diversified its portfolio to include real estate, capitalizing on the growing demand for residential and commercial spaces in urban India.
Ten X Realty West, the real estate subsidiary of Raymond, has been steadily building its presence in key metropolitan cities, focusing on premium and mid-segment residential projects.
The company’s strategy is to leverage its brand reputation and financial strength to deliver high-quality, sustainable, and customer-centric developments.
Project OverviewThe joint development project in Mahim is set to be one of the largest in the area, covering a 2-acre plot with a built-up area estimated at 500,000 square feet.
The project is expected to comprise a mix of residential units, including apartments and penthouses, designed to cater to the needs of modern families and professionals.
The development will feature state-of-the-art amenities, such as swimming pools, fitness centers, and landscaped gardens, creating a premium living experience.
Strategic LocationMahim, located in central Mumbai, is a vibrant and well-connected neighborhood.
It is well-served by public transportation, including the suburban railway network, and is in close proximity to major commercial hubs and educational institutions.
The area has seen significant infrastructure development, making it an attractive location for residential projects.
Market InsightsThe real estate market in Mumbai has been witnessing a rebound after a period of slowdown, driven by favorable government policies and improving economic conditions.
The demand for well-located, high-quality residential projects has been robust, with a particular emphasis on sustainable and smart living solutions.
Raymond’s entry into the Mahim market is seen as a strategic move to tap into this growing demand.
The company’s strong brand equity and financial stability are expected to be key differentiators in the competitive real estate landscape.
Future OutlookWith the Mahim project, Raymond is set to establish itself as a leading player in the Mumbai real estate market.
The company has plans to explore further opportunities in other key locations across the city and the broader NCR region.
As part of its long-term strategy, Raymond aims to balance its portfolio between residential and commercial projects, ensuring sustainable growth and profitability.
ConclusionRaymond’s real estate arm, Ten X Realty West, has taken a significant step forward with the joint development project in Mahim.
This project not only aligns with the company’s growth strategy but also reflects its commitment to delivering high-quality, sustainable, and customer-centric developments.
As Raymond continues to expand its real estate portfolio, it is well-positioned to capitalize on the growing demand for premium residential projects in Mumbai and beyond.
Frequently Asked Questions
What is the estimated value of the joint development project in Mahim?
The estimated value of the joint development project in Mahim is Rs 1800 crore.
What is the size of the plot for the Mahim project?
The plot for the Mahim project covers an area of 2 acres.
What is the built-up area of the Mahim project?
The built-up area of the Mahim project is estimated to be 500,000 square feet.
What amenities will the Mahim project include?
The Mahim project will feature amenities such as swimming pools, fitness centers, and landscaped gardens.
What is the strategic importance of the Mahim location?
Mahim, located in central Mumbai, is a vibrant and well-connected neighborhood, well-served by public transportation and in close proximity to major commercial hubs and educational institutions.
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