India, March 9 -- Raymond Realty Limited has signed definitive documents to jointly develop a residential project in Mumbai's Kandivali, with a revenue potential of Rs.3,000 crore, according to a company announcement on March 9.

According to the company, the project is estimated to have a gross development value (GDV) of approximately Rs. 3,000 crore and marks the company's third project in the Western Suburbs of Mumbai.

"This also represents the seventh Joint Development project undertaken by the company in Mumbai city as per the strategic expansion plan of the Company," the company said in a statement.

"As we continue to scale our portfolio across high-quality urban locations, we are on track to compound growth with execution excelle...