Mumbai, March 9 -- The proposed project is estimated to have a gross development value (GDV) of around Rs 3,000 crore and will mark the company's third development in the western suburbs of Mumbai.

The company said the project will be undertaken under a joint development arrangement and will be its seventh such project in Mumbai, in line with its strategic expansion plans in the city's key residential markets.

The project is poised to contribute substantially to the company's future growth and solidify its presence as a key player in the city. With this addition, the Gross Development Value of Real Estate projects of the company will be close to Rs. 43,000 crores.

Harmohan Sahni, the CEO of Raymond Realty, said, "As we continue to scal...