Raymond’s step down wholly owned Subsidiary -- Ten X Realty has been selected as the ‘Preferred Developer’ for redevelopment of Kumari Jethi T Sipahimalani CHS (also known as Navjivan Society) located in Mahim West, Mumbai. Spread across 3.6 acres, the project is strategically located at one of the most sought-after residential areas of Mumbai and estimated to have a revenue potential in excess of Rs 1,700 crore over the project period. The company will pursue this project post internal and external approvals, as required.
This is in line with the company's growth plans of Real Estate development in Mumbai Metropolitan Region and follows its first project outside Thane, in Bandra East, where it recently commenced construction.
Raymond is one of India’s largest branded fabric and fashion retailers. It is one of the leading, integrated producers of suiting fabric in the world.
