Raymond Realty's Expansion: A New Era in the Real Estate Sector

Raymond Realty is poised to enter a new phase of growth as it prepares to list on stock exchanges following its demerger from Raymond Ltd. This strategic move will allow the company to concentrate on its real estate ventures, backed by the immense revenue potential of around Rs 14,000 crore in the Mumbai Metropolitan Region (MMR).

CEO Harmohan Sahni highlighted the company's significant land holdings in MMR and revealed plans to launch six new projects in the area this fiscal year. Since launching its first project in 2019, Raymond Realty has established a strong footprint in Thane and Mumbai, boasting a gross development value of approximately Rs 40,000 crore.

With a focus on quality and timely completion, Raymond Realty is also eyeing expansion into the Pune residential market through joint development agreements. Shareholders of Raymond Ltd will receive shares of the newly listed Raymond Realty, marking a pivotal moment in the company's real estate journey.

(With inputs from agencies.)