<ul><li>Raymond's step-down subsidiary has signed a joint development agreement for a Rs 5,000 crore housing project in Mumbai's Wadala.</li><li>The project is estimated to have a gross development value of approximately Rs 5,000 crore.</li><li>Raymond did not disclose the name of the partner landowner in the joint venture.</li><li>With this addition, the Gross Development Value of real estate projects of the company will be close to Rs 40,000 crore.</li></ul>

Raymond Inks Joint Venture To Develop Rs 5,000-Crore Housing Project In Mumbai

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