Raymond Realty Ltd Launches 7th Major Joint Development Project in Mumbai
Raymond Realty Ltd (RRL) has announced a Rs 3,000 crore residential project in Kandivali, marking its 7th joint development project in Mumbai. This significant endeavor is expected to strengthen RRL's portfolio with the third redevelopment project in the Western suburbs. It also represents the 7th Joint Development project undertaken by the company as part of its strategic expansion plan. The project is expected to contribute substantially to the company’s future growth and reinforce its position as a key player in the city.
The project is estimated to have a gross development value of approximately Rs 3,000 crore and marks the company's third project in the Western Suburbs of Mumbai. With the inclusion of this project, the Gross Development Value of the Real Estate projects handled by the company will be close to Rs 43,000 crore.
Harmohan Sahni, the Chief Executive Officer (CEO) of Raymond Realty Ltd, shared his views on the project, stating, “As we continue to scale our portfolio across high-quality urban locations, we are on track to compound growth with execution excellence and disciplined capital deployment, while delivering strong end-user demand and sustained investor returns.”
Raymond Realty Ltd (RRL) was incorporated in 2017 and is a leading real estate development company. RRL was originally a part of Raymond Ltd. On May 14, 2025, RRL was demerged from its parent company, Raymond Ltd, with a demerger ratio of approximately 1:1. The company focuses on premium residential, commercial, and ultra-luxury developments, primarily in Mumbai's MMR region, including areas like Thane, Bandra, and BKC.
Following the disclosure on Monday, March 9, 2026, the share price of Raymond Realty Ltd was trading at Rs 381.70, up Rs 1.10 or 0.29 per cent, as of 2:57 PM IST. The share price of Raymond Realty Ltd stood at Rs 380.30, reflecting a year-to-date decline of Rs 141.10, or 27.06 per cent. On a one-year basis, the stock has fallen Rs 588.90, or 60.76 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.
