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.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..