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Raymond sells 20 acre plot to real estate firm VRSA for Rs 700 crore

VRSA to invest Rs 1,700 cr to develop shopping mall on land parcel

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Raymond

Pavan Lall & Raghavendra Kamath  |  Mumbai 



Raymond
Raymond

on Wednesday said it had sold a 20-acre holding in Thane on the outskirts of Mumbai to Virtuous Retail South Asia (VRSA) for Rs 700 crore. The Singapore-based mall-development company confirmed the deal and said it would invest another Rs 1,700 crore to develop a shopping mall on the land parcel.

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First Published: Wed, October 09 2019. 20:38 IST

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