Raymond Realty Set to Launch ₹14,000 Crore Projects in FY26, Lists on July 1

Raymond Realty, a prominent player in the real estate sector, is poised to launch six residential projects in the Mumbai Metropolitan Region (MMR) this fiscal year. The projects are expected to generate an estimated revenue potential of about ₹14,000 crore, reflecting the company's ambitious expansion plans amid strong market demand.

In an interview with PTI, Harmohan Sahni, the CEO of Raymond Realty, announced that the company will be listed on stock exchanges on July 1, following the demerger of the real estate vertical from Raymond Ltd. This strategic move will allow Raymond Realty to operate as an independent pure-play real estate business, focusing on its growth trajectory.

Sahni emphasized that Raymond Realty has a significant land bank in the MMR, which has been instrumental in the company's development. “In 2019, we started our first project. In the last six years, we have built a substantial presence in Thane and Mumbai within the MMR,” he stated. The company's current portfolio has a total gross development value (GDV) of about ₹40,000 crore, with ₹10,500 crore worth of projects already launched.

Looking ahead, Sahni outlined the company's pipeline for the current fiscal year. “We will launch six projects in the MMR this fiscal, with a sales booking potential of around ₹14,000 crore,” he revealed. The upcoming projects will offer housing units in a price range of ₹2 crore to ₹20 crore, catering to a diverse market segment.

Quality and timely completion of projects are top priorities for Raymond Realty. Since its inception, the company has successfully completed two housing projects, while six more are currently under construction. Last fiscal, Raymond Realty sold properties worth ₹2,314 crore, marking a slight increase from ₹2,268 crore in the previous year. The company's revenue also rose by 45 percent to ₹2,313 crore in 2024-25, up from ₹1,593 crore in the preceding year.

To further expand its footprint, Raymond Realty is actively exploring the acquisition of more land parcels in the MMR through joint development agreements (JDAs) with landowners. The company is also considering entering the Pune residential market under the JDA model.

Regarding the upcoming listing, Sahni noted that the demerger scheme became effective on May 1, 2025, with the record date set for May 14, 2025. Under the scheme of arrangement, each shareholder of Raymond Ltd will receive one share of Raymond Realty Ltd for every share held in Raymond Ltd.

Raymond Group, founded in 1925, has been a pioneer in fabric manufacturing. Over the years, the group has diversified into other sectors, including engineering business and real estate. The demerger of its lifestyle business into a separate listed entity in 2024 was a significant step, and now the real estate vertical is being carved out into a separate listed entity, marking a new chapter in the company's history.

Raymond Realty's strategic moves and robust land bank position it well to capitalize on the growing demand in the real estate market, particularly in the MMR. With a focus on quality, timely delivery, and strategic expansion, the company is poised for continued success and growth in the coming years.