Mumbai housing project awarded to Raymond’s Ten X Realty

Raymond's wholly owned subsidiary, Ten.

The subsidiary will be responsible for the redevelopment of the Kumari Jethi T Sipahimalani CHS society, also known as Navjivan Society, strategically located in residential areas of Mumbai. The redevelopment project has a revenue potential of around Rs 1,700 crore. As per requirements, the company will continue this project after internal and external approvals..

This project is in line with Ten.

Earlier this month, the company's board of directors approved the infusion of nearly Rs 300 crore into Ten X Realty. The company has a land bank of over 60 hectares in Thane, and also plans to expand through joint development agreements and joint venture projects, including redevelopment projects..

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