ADD ANI AS A TRUSTED SOURCE
googleads
ANI Logo
Menu
Business

Raymond will be preferred developer of redevelopment project at Bandra East Mumbai

The real estate division of Raymond has announced its selection as the "Preferred Developer" for the redevelopment of MIG VI CHS Ltd, located in Bandra East, the company informed the exchange in a filing on Saturday.

ANI Jun 08, 2024 19:14 IST googleads

Representative Image (Photo-Pexels.com)

New Delhi [India], June 8 (ANI): The real estate division of Raymond has announced its selection as the "Preferred Developer" for the redevelopment of MIG VI CHS Ltd, located in Bandra East, the company informed the exchange in a filing on Saturday.
This project, which spans across 2 acres, presents a significant revenue potential for the company exceeding Rs 2,000 crores.
The current project marks Raymond's fourth project in Mumbai, highlighting the company's strategic expansion plans within the real estate sector. The project is strategically situated in one of Mumbai's most coveted residential areas.
"This is to inform that Raymond Limited (Real Estate Division) has been selected as the 'Preferred Developer' for the redevelopment of MIG VI CHS Ltd 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 crores over the project period," the company stated.
This redevelopment project aligns with company's broader growth strategy in the Mumbai Metropolitan Region.
Beyond the Bandra East project, Raymond Realty is also actively engaged in developing its 100-acre land parcel in Thane. Since 2019, the company has been monetizing this land bank by launching residential real estate projects. The Thane land parcel alone is projected to have a potential revenue of close to Rs 25,000 crores in total.
The new project in Bandra East is expected to enhance company's real estate portfolio. By adding another project in Mumbai, Raymond is strengthening its position in the real estate market.
The company expected that the project's location and the company's reputable brand are likely to attract considerable interest and investment.
On the stock market front, Raymond Limited saw a notable increase in its share price, which gained more than 6 percent on Friday, closing at Rs 2450. This uptick reflects investor confidence in the company's strategic growth plans and its ongoing and upcoming real estate ventures. (ANI)

Get the App

What to Read Next

Business

Kody Technolab Ltd. Launches Medigo Robot

Kody Technolab Ltd. Launches Medigo Robot

Ahmedabad (Gujarat) [India], March 12: Kody Technolab Limited today announced the launch of Medigo Robot, a health screening robot developed to enable rapid preventive health assessments and expand access to routine screening across healthcare, public, and institutional environments.

Read More
Business

BPTP Receives 'Iconic Project - Commercial' Recognition

BPTP Receives 'Iconic Project - Commercial' Recognition

New Delhi [India], March 12: BPTP, a real estate developer operating in North India, has been honoured with the Iconic Project - Commercial award at the 5th Economic Times Real Estate Conclave & Awards 2026 (ETRECA 2026). The award ceremony was held at Taj Santa Cruz, Mumbai, with participation from industry stakeholders including developers, architects, and investors.

Read More
Business

Faculty of Planning at CEPT University Invites Applications

Faculty of Planning at CEPT University Invites Applications

New Delhi [India], March 12: India is undergoing an intense phase of urban transformation, placing immense pressure on essential infrastructure, mobility, and public spaces across its cities. The scale and speed of this change demand urgent, informed, and future-ready responses that balance growth with environmental responsibility and social equity.

Read More
Business

"World's first platform built on top of payments": Razorpay CEO H

Razorpay, on Thursday, announced the launch of Razorpay Agent Studio, a first-of-its-kind platform built on top of payments that allows businesses to deploy autonomous AI agents for operational tasks. The platform aims to automate various business processes, including dispute management, customer recovery, and payment reconciliations, by integrating AI directly into the payment infrastructure.

Read More
Business

Bridging the Tech Divide: How SSGSERV is Redefining White-Label

Bridging the Tech Divide: How SSGSERV is Redefining White-Label

New Delhi [India], March 12: In today's digital economy, enterprises depend heavily on uninterrupted technology infrastructure. As global SaaS platforms and OEM technology providers expand across markets, maintaining reliable customer and technical support has become a growing challenge. Companies are no longer looking for basic call center services but for specialized partners who can manage complex IT environments while maintaining speed, quality and brand consistency.

Read More
Business

Smartworld Developers Awards INR 1,000 Cr Construction Contract

Smartworld Developers Awards INR 1,000 Cr Construction Contract

New Delhi [India], March 12: Smartworld Developers, a new age real estate brand has awarded a construction contract worth INR 1,000 crore for its landmark ultra-luxury project, Trump Residences Gurgaon, marking a major milestone in the project's development. Excavation at the site has been completed, and as part of the phased construction strategy, a INR 300 crore tender has already been released. Structural construction has now formally commenced.

Read More
Business

IVCA Alternate Capital Excellence Awards 2026

IVCA Alternate Capital Excellence Awards 2026

Mumbai (Maharashtra) [India], March 12: The IVCA Alternate Capital Excellence Awards 2026 were presented at the 15th edition of the IVCA Conclave, organised by India's apex body for the alternate capital sector, the Indian Venture and Alternate Capital Association (IVCA). Held on Day 2 of the Conclave, the Awards honoured the institutions and individuals exemplifying excellence in performance, governance, and creating enduring value across the alternate asset ecosystem, spanning private equity, venture capital, private credit, venture debt, real estate, infrastructure, and impact investing.

Read More
Business

Satish Sanpal: The Indian Entrepreneur Driving ANAX Holding

Satish Sanpal: The Indian Entrepreneur Driving ANAX Holding

New Delhi [India], March 12: In the dynamic business landscape of the United Arab Emirates, Indian entrepreneurs have played a significant role in shaping several industries. Among them, Satish Sanpal, Founder and Chairman of ANAX Holding, has emerged as a prominent business leader whose ventures span real estate, hospitality, and financial services.

Read More
Business

FuturixAI Builds Governance-First Enterprise AI Platform ZeroDesk

FuturixAI Builds Governance-First Enterprise AI Platform ZeroDesk

Noida (Uttar Pradesh) [India], March 12: As artificial intelligence adoption accelerates across industries, many enterprises are discovering a critical gap between AI-generated responses and real business execution. While most AI tools assist with information or automate isolated steps, they often fail to operate within the structured rules, permissions, and accountability systems that real organizations require. Noida-based FuturixAI Lab Pvt. Ltd. is aiming to address that gap by building governed AI systems designed not just to answer questions, but to execute work responsibly within enterprise frameworks.

Read More
Business

Wizz Financial Completes First Stablecoin-Powered Cross-Border

Wizz Financial Completes First Stablecoin-Powered Cross-Border

Dubai [UAE], March 12: Wizz Financial, the global fintech company specializing in cross-border payments and digital wallets, today announced the completion of its first stablecoin-powered cross-border remittance and treasury transaction originating from the United States, with capabilities into 80 countries, in partnership with BitGo Bank & Trust, N.A. ("BitGo"), an OCC-regulated digital asset trust bank and subsidiary of BitGo Holdings, Inc. (NYSE: BTGO). Through the partnership, Wizz Financial is utilizing BitGo's institutional-grade wallet infrastructure and e-trade services to facilitate the conversion of fiat currency into stablecoins, enabling near-real-time settlement, enhanced liquidity management, and compliant, scalable cross-border remittance flows across its global network as new corridors are progressively launched.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.