Raymond's Real Estate Division has been selected as the ‘Preferred Developer’ for redevelopment of MIG VI CHS located in Bandra East. Spread across 2 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 2,000 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. This is the fourth project of the company in Mumbai City outside existing development at Thane.
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.