What is the latest status of the project “Parel Luxury Housing Project”?

The status recorded for “Parel Luxury Housing Project” is planned.

What is the budget and commercial profile for the project “Parel Luxury Housing Project”?

Taiyo normalizes the budget of “Parel Luxury Housing Project” to USD 10389550000.

Where can I verify the source and access all details for “Parel Luxury Housing Project”?

This Taiyo project page references Rediff MoneyWiz along with the original URL (https://money.rediff.com/amp/news/market/raymond-realty-inks-jda-for-rs-8-500-cr-mumbai-housing-project/50614720260715). Taiyo standardizes official data into a consistent, searchable project profile.

Parel Luxury Housing Project

Sector: Residential • Location: Mumbai, Maharashtra, India

Source: Rediff MoneyWiz

Project

Planned

Raymond Realty Ltd has signed a joint development agreement to develop a luxury residential housing project in Parel, Mumbai. The project is a slum redevelopment initiative covering 11 acres, with an estimated revenue potential of Rs 8,500 crore. It will offer around 800-1,000 apartments with a total carpet area of 17 lakh sq ft. The project launch is expected in 12-18 months, with apartment price

Status: Prospective
Sector: Residential
Location: Mumbai, Maharashtra, India
Updated: 22 Jul 2026
Source: Rediff MoneyWiz

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Project Information

4 Q

The project “Parel Luxury Housing Project” is an infrastructure initiative in the Residential sector, located in Mumbai, Maharashtra, India. Taiyo aggregates data on it from Rediff MoneyWiz.

Participants

Not available for this record.

Status

Original status	planned
Taiyo status	Prospective
Taiyo last update	2026-07-22

Contact

Not available for this record.

Description

Description	Raymond Realty Ltd has signed a joint development agreement to develop a luxury residential housing project in Parel, Mumbai. The project is a slum redevelopment initiative covering 11 acres, with an estimated revenue potential of Rs 8,500 crore. It will offer around 800-1,000 apartments with a total carpet area of 17 lakh sq ft. The project launch is expected in 12-18 months, with apartment prices ranging from Rs 8-10 crore per unit.
Original sector	Built Sector
Budget

Location

Country	India
State	Maharashtra
City	Mumbai

Source

Source	Rediff MoneyWiz
URL

More Details

Record type	Project
Sector	Residential
Article published date	2026-07-18

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