Raymond to jointly develop residential project in Wadala, Mumbai, ET RealEstate

NEW DELHI: Ten X Realty East, a 100% owned step-down subsidiary of Raymond, has signed a joint development agreement for a residential project in Wadala, Mumbai.

This project is estimated to have a gross development value (GDV) of approximately ₹5,000 crore.

This is company’s sixth joint development project outside of its existing developments in Thane and first in Wadala.

With this addition, the GDV of real estate projects of the company will be close to ₹40,000 crore.

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