Raymond Realty secures major redevelopment project in Bandra East, Mumbai
Raymond Realty, the real estate division of the renowned Raymond Group, has announced a significant achievement in acquiring the redevelopment project for MIG VI CHS Ltd located in Bandra East, Mumbai. This project, approved by the board of Raymond Ltd today, was unanimously chosen by society members, reflecting strong community support and confidence in Raymond Realty’s capabilities.
Strategic Expansion in Mumbai’s Real Estate Market
This redevelopment venture is strategically positioned in one of Mumbai’s most prestigious residential areas, marking it as a landmark project in Bandra East. The project is estimated to generate over ₹2,000 crores in revenue throughout its development period, contributing substantially to the company’s growth trajectory in the Mumbai Metropolitan Region.
Growing Portfolio and Market Leadership
Prior to this new project, Raymond Realty had already expanded its portfolio with three joint development agreements in Mahim, Sion, and Bandra, projecting an estimated development value exceeding ₹5,000 crore. With the addition of the MIG VI CHS redevelopment, the estimated Gross Development Value (GDV) of Raymond Realty’s projects under execution in Mumbai City is now anticipated to reach around ₹7,000 crore. This latest project not only strengthens Raymond Realty’s position as a leading developer in Bandra but also in the broader Mumbai region.
Commitment to Luxury and Innovative Living
The project underscores Raymond Realty’s commitment to delivering luxurious living spaces, leveraging the legacy of the Raymond Group known for its dedication to quality, meticulous attention to detail, and iconic style. Led by Gautam Hari Singhania, Raymond Realty is set to transform the traditional fabric of real estate into high-end residential spaces that offer comprehensive lifestyles for discerning residents.
A New Standard in Real Estate Development
With a philosophy of going beyond conventional real estate offerings, Raymond Realty aims to provide Indian consumers with superior living experiences. This project represents a significant step forward in fulfilling the company’s vision of exceeding expectations and enhancing the living standards of its clientele.
The selection of Raymond Realty for the redevelopment of MIG VI CHS Ltd not only demonstrates the trust and confidence placed in the company by society members but also highlights its strategic intentions to expand and enhance its real estate portfolio in Mumbai. This project is poised to set a new benchmark in luxury living, contributing to the urban transformation of one of Mumbai’s most dynamic districts.