India, April 1 -- In a regulatory filing on April 1, the company informed that its wholly-owned step-down subsidiary, Ten X Realty East Ltd, has signed a Joint Development Agreement (JDA) for a residential project in Wadala, Mumbai.

"This landmark project is estimated to have a gross development value of approximately Rs.5,000 crore...," the company said.

Raymond did not mention the name of the landowner with whom it has signed the JDA.

This represents the 6th Joint Development project undertaken by the company outside of its existing developments in Thane, underscoring its strategic expansion within the Mumbai Metropolitan Region (MMR). This project will be the first residential project that the company will be developing in Wadala, M...