Raymond Realty to Launch Six MMR Projects Worth Rs 140 Billion

25 Jun 2025 CW Team

Raymond Realty will unveil six residential developments across the Mumbai Metropolitan Region (MMR) in 2025-26, targeting sales of about Rs 140 billion. The launches coincide with the demerger of the property arm from Raymond Ltd; Raymond Realty will list independently on 1 July, allowing the parent to focus solely on engineering.

Chief Executive Harmohan Sahni said the firm controls a substantial land bank in MMR. Since 2019 it has built a strong presence in Thane and Mumbai, giving it a current portfolio with a gross development value close to Rs 400 billion. Projects worth Rs 105 billion are already on the market, with the balance scheduled for phased release.

The six forthcoming schemes will offer homes priced between Rs 20 million and Rs 200 million, underscoring the developer’s focus on quality construction and on-time delivery. To date, Raymond Realty has completed two projects and is building six more.

In 2024-25 the Mumbai-based builder booked property sales of Rs 23.1 billion, little changed from the previous year, while revenue climbed 45 per cent to Rs 23.1 billion. The company is also exploring joint-development agreements to acquire additional plots in MMR and is eyeing entry into Pune on a similar model.

Under the demerger terms, Raymond Ltd shareholders will receive one Raymond Realty share for every share held. The separation follows last year’s spin-off of the lifestyle division, completing the group’s shift to distinct, listed verticals.

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