Raymond Ltd. - Raymond Realty Project - Updates

| Updated on March 07, 2019 Published on March 07, 2019

By our above referred letter dated March 06, 2019, we had informed that the Development Management Agreement dated January 10, 2019 between Raymond Limited (the Company) and Colorplus Realty Limited, a subsidiary of the Company has been mutually terminated with effect from March 05, 2019 and the Company has applied before the Maharashtra Real Estate Regulatory Authority (MAHARERA) for necessary modifications in its records in respect of the Companys project Raymond Realty Phase I registered with MAHARERA under registration no. P51700019265.

The aforesaid termination of the Development Management Agreement will not impact the development of the Project Raymond Realty Phase I and same will progress as per schedule.

This is for your information and record.

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Source : BSE - www.bseindia.com

Published on March 07, 2019
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