Raymond Realty has launched a premium housing project in Bandra, Mumbai, with an estimated revenue of Rs 2,000 crore. The project, named 'The Address by GS, Bandra', is spread over 2.74 acres.
New Delhi, Feb 20 (PTI) Raymond Realty, the real estate arm of Raymond Group, on Tuesday said it will develop a premium housing project at Bandra in Mumbai with an estimated revenue of around Rs 2,000 crore.
In a regulatory filing, Raymond Ltd informed that the company has launched its first project outside Thane through a joint development agreement (JDA) with a land owning entity.
The project named 'The Address by GS, Bandra' is spread over an area of 2.74 acres.
"This project also promises substantial economic returns, with projections indicating a revenue generation over Rs 2,000 crore," Raymond said.
Raymond is into textiles, apparel, denim, consumer care, engineering and real estate businesses.
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