Raymond Realty's Rs 14,000 Crore Housing Projects and IPO: Expanding in the MMR Region
Raymond Realty is set to launch six residential projects worth Rs 14,000 crore in the Mumbai Metropolitan Region (MMR) this fiscal year. The company will also get listed on stock exchanges on July 1, following its demerger from Raymond Ltd.
Raymond RealtyMmrReal EstateIpoHousing ProjectsReal Estate NewsJun 22, 2025
In an interview with PTI, Raymond Realty CEO Harmohan Sahni announced that the company will be listed on stock exchanges on July 1, post the demerger of the real estate vertical from Raymond Ltd. The demerger will enable Raymond Realty to focus on its growth trajectory as an independent pure-play real estate business.
Sahni highlighted that the company has a substantial land bank in the MMR region. “In 2019, we started our first project. Over the last six years, we have established a significant presence in Thane and Mumbai within the MMR,” Sahni said. The total gross development value (GDV) of the company's portfolio currently stands at about Rs 40,000 crore, with Rs 10,500 crore worth of projects already launched.
Sahni added that the remaining projects will be launched in the coming years. For the current fiscal, the company plans to introduce six projects in the MMR, with a sales booking potential of around Rs 14,000 crore. The housing units will be priced between Rs 2 crore and Rs 20 crore.
Raymond Realty is placing a strong emphasis on the quality and timely completion of its projects. Since its inception, the company has completed two housing projects, while six are currently under construction. Last fiscal, Raymond Realty sold properties worth Rs 2,314 crore, a slight increase from Rs 2,268 crore in the previous year. The company's revenue grew by 45 percent to Rs 2,313 crore in 2024-25, up from Rs 1,593 crore in the preceding year.
Sahni mentioned that the company is actively exploring the acquisition of more land parcels in the MMR under joint development agreements (JDAs) with landowners. Additionally, Raymond Realty is looking to enter the Pune residential market using the JDA model.
Regarding the upcoming listing, the demerger scheme became effective from May 1, 2025, with May 14, 2025, as the record date for determining the 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, is a pioneer in fabric manufacturing and has since diversified into other sectors such as 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 to focus on its engineering business.
Frequently Asked Questions
What is Raymond Realty's plan for the current fiscal year?
Raymond Realty plans to launch six residential projects in the Mumbai Metropolitan Region (MMR) with a sales booking potential of around Rs 14,000 crore.
When will Raymond Realty be listed on stock exchanges?
Raymond Realty will be listed on stock exchanges on July 1, following the demerger from Raymond Ltd.
What is the total gross development value (GDV) of Raymond Realty's portfolio?
The total gross development value (GDV) of Raymond Realty's portfolio is about Rs 40,000 crore.
How much revenue did Raymond Realty generate in 2024-25?
Raymond Realty generated a revenue of Rs 2,313 crore in 2024-25, representing a 45 percent increase from the previous year.
What is Raymond Realty's strategy for expanding its land bank?
Raymond Realty is exploring the acquisition of more land parcels in the MMR under joint development agreements (JDAs) with landowners and is also looking to enter the Pune residential market using the JDA model.
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