Raymond Realty Limited has announced its seventh joint development project in Mumbai, marking another major milestone in the company’s expansion strategy. The new premium residential redevelopment project in Kandivali is expected to have an estimated Gross Development Value (GDV) of ₹3,000 crore.
This project will also be the third redevelopment venture by Raymond Realty in Mumbai’s Western Suburbs, reinforcing the company’s growing footprint in one of India’s most competitive real estate markets.
Strengthening Presence in Mumbai’s Real Estate Market
With this new development, Raymond Realty’s overall real estate portfolio is approaching a Gross Development Value of ₹43,000 crore. The expansion highlights the company’s strategy to focus on high-potential urban locations and redevelopment opportunities across Mumbai.
Mumbai’s suburban regions, especially western corridors like Kandivali, have seen rising demand for premium residential properties, driven by improved infrastructure, connectivity, and lifestyle developments.
Leadership Commentary on Growth Strategy
Commenting on the project, Harmohan Sahni emphasized the company’s commitment to disciplined growth and execution.
He stated that Raymond Realty is focusing on expanding its portfolio across high-quality urban locations while maintaining strong execution standards and capital efficiency. The company also aims to generate consistent demand from homebuyers and attractive returns for investors.
Kandivali Project to Boost Future Growth
The upcoming Kandivali project is expected to feature premium residential offerings, targeting modern urban homebuyers seeking well-connected suburban living in Mumbai.
As redevelopment continues to shape Mumbai’s property landscape, developers are increasingly focusing on joint development agreements and redevelopment projects to unlock land value in established neighborhoods.
For Raymond Realty, the Kandivali project represents another step in strengthening its position among leading developers in Mumbai’s real estate sector.
Raymond Realty’s Expanding Development Portfolio
Raymond Realty has been steadily expanding its presence through joint development and redevelopment projects, particularly in high-demand residential corridors across Mumbai.
With its growing portfolio and strong development pipeline, the company aims to play a significant role in transforming the city’s residential infrastructure while meeting rising demand for modern housing.
