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Raymond Realty's ₹3,000 Crore Joint Venture for Mumbai Residential Project
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Raymond Realty to develop ₹3,000 crore Mumbai project; Q3 net profit up 11%
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CNBC TV18
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09-03-2026, 13:09
Raymond Realty to develop ₹3,000 crore Mumbai project; Q3 net profit up 11%
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Raymond Realty announced a joint residential project in Kandivali, Mumbai, with a gross development value of approximately ₹3,000 crore.
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This marks the company's third project in Mumbai's western suburbs and its seventh joint development in Mumbai.
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With this project, Raymond Realty's total gross development value across its real estate projects will approach ₹43,000 crore.
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The company's net profit in Q3 increased by 11% to ₹66.8 crore, and revenue rose 8.8% to ₹757.5 crore.
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Raymond Realty shares were down 1.1% on Monday and have declined 22.5% in the past month.
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