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Raymond surges 7% with first project launch beyond Thane
The Business Guardian
|February 22, 2024
Raymond's share price rose over 7 percent on February 21, a day after the group's real estate arm Raymond Realty announcedĀ the launch of its first project outside Thane "The Address by GS, Bandra'.
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The move followed the company's plan for expansion beyond Thane through joint development agreements (JDAs) in the Mumbai Metropolitan Region (MMR).
"As the name suggests, this development is inspired by the tremendous success of Thane's flagship project 'The Address by GS' which has emerged as Thane's bestseller in premium category and is set to be delivered two years ahead of its timeline," the company said in a release.
This story is from the February 22, 2024 edition of The Business Guardian.
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