Raymond Realty Limited has signed definitive agreements to develop a premium residential project at Kandivali in Mumbai, marking another significant milestone in its expansion strategy.

The project is estimated to have a gross development value (GDV) of around Rs 3,000 crore and will be the company’s third development in Mumbai’s western suburbs. It also represents the seventh joint development project undertaken by the company in Mumbai as part of its strategic growth plans.

Commenting on the development, CEO Harmohan Sahni said the company continues to expand its portfolio across high-quality urban locations while focusing on execution excellence, disciplined capital deployment, strong end-user demand, and consistent investor returns.

The project is expected to contribute significantly to the company’s future growth and further strengthen its position in Mumbai’s real estate market. With this addition, the total gross development value of the company’s real estate portfolio will rise to nearly Rs 43,000 crore.