Raymond Limited (the ‘Company’) has announced that its 100 per cent owned step-down subsidiary, Ten X Realty West Limited, has signed a Joint Development Agreement of a prestigious residential project in the prime location of Mahim West, Mumbai. This project is estimated to have a revenue potential of approximately INR 1,800-crore and marks the Company's second venture in this sought-after area of Mumbai.
This also represents the fifth project undertaken by the Company outside of its existing developments in Thane.