India, Feb. 7 -- Real estate firm Raymond Ltd has partnered with a landowner to develop a housing project in Mumbai with an estimated revenue potential of Rs.1,800 crore.

Raymond Limited's 100% owned step-down subsidiary, Ten X Realty West Limited, has signed a Joint Development Agreement for a housing project in the prime location of Mahim West, Mumbai, the company said in a regulatory filing on February 7.

It said this project is estimated to have a revenue potential of approximately Rs. 1,800 crore and marks the company's second venture in this sought-after area of Mumbai.

Raymond Ltd. did not disclose the landowner's name, the size of the land, or the total development potential in the upcoming project.

"This significant developme...