Raymond Realty Unveils ₹14,000 Crore Housing Projects in Mumbai Metropolitan Region
Raymond Realty, led by CEO Harmohan Sahni, is set to launch six residential projects in the Mumbai Metropolitan Region (MMR) with an estimated revenue potential of ₹14,000 crore. The company will get listed on stock exchanges on July 1, post demerger from Raymond Ltd.
Raymond RealtyMumbai Metropolitan RegionHarmohan SahniReal EstateDemergerReal EstateJun 23, 2025
In an interview with PTI, Raymond Realty CEO Harmohan Sahni announced that the company will get listed on stock exchanges on July 1, following the demerger of the real estate vertical from Raymond Ltd. This move will allow Raymond Realty to focus solely on the real estate sector, while Raymond Ltd will concentrate on its engineering business.
The demerger is expected to position Raymond Realty to pursue its growth trajectory as an independent pure-play real estate business. Sahni highlighted that the company has a significant land bank in the MMR, which has been a key factor in its strategic expansion.
Sahni mentioned that Raymond Realty started its first project in 2019 and has since built a substantial presence in Thane and Mumbai. The company's current portfolio has a total gross development value (GDV) of about ₹40,000 crore. Out of this, ₹10,500 crore worth of projects have already been launched, and the remaining projects will be launched in the coming years.
For the current fiscal year, Raymond Realty plans to launch six projects in the MMR with sales booking potential of around ₹14,000 crore. The company will offer housing units in a price range of ₹2 crore to ₹20 crore. Sahni emphasized the company's commitment to quality and timely completion of projects. Since its inception, Raymond Realty has completed two housing projects, and six projects are currently under construction.
Raymond Realty's revenue has been on the rise, increasing by 45% to ₹2,313 crore in 2024-25 from ₹1,593 crore in the preceding year. The company sold properties worth ₹2,314 crore last fiscal, up from ₹2,268 crore in the previous year.
Looking ahead, Raymond Realty is exploring opportunities to acquire more land parcels in the MMR under joint development agreements (JDAs) with landowners. The company is also considering entering the Pune residential market under the JDA model.
The demerger scheme became effective on May 1, 2025, with the record date set for May 14, 2025, to determine eligible shareholders of the demerged company, Raymond Ltd. According to 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, established in 1925, has been a pioneer in fabric manufacturing. Over the years, the group has expanded into other sectors, including the engineering business and real estate. After demerging its lifestyle business into a separate listed entity in 2024, Raymond Ltd is now carving out the real estate vertical into a separate listed entity, Raymond Realty.
Frequently Asked Questions
What is the total estimated revenue potential of Raymond Realty's new projects?
The total estimated revenue potential of Raymond Realty's new projects is about ₹14,000 crore.
When will Raymond Realty be listed on stock exchanges?
Raymond Realty will be listed on stock exchanges on July 1, post demerger from Raymond Ltd.
What is the price range of the housing units in the upcoming projects?
The housing units in the upcoming projects will be in a price range of ₹2 crore to ₹20 crore.
How many projects has Raymond Realty completed since its inception?
Since its inception, Raymond Realty has completed two housing projects.
What sectors has Raymond Group expanded into over the years?
Raymond Group has expanded into sectors such as fabric manufacturing, engineering business, and real estate.
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