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Raymond Realty has initiated a residential redevelopment project in Wadala, located in central Mumbai, which is projected to generate approximately ₹5,000 crore in revenue. This project will cover a land area of 5.62 acres and will feature upscale 2-BHK and 3-BHK apartments, in addition to high-street retail outlets.
Harmohan Sahni, the CEO of the company, stated, “With a projected revenue potential exceeding ₹5,000 crore, this development significantly enhances our long-term value creation strategy while supporting our asset-light growth model.”
Currently, the developer has more than 10 million square feet of projects in progress throughout the Mumbai Metropolitan Region and has successfully delivered over 5,500 homes to date.
