Raymond Realty Sets Bold Growth Trajectory: Six Project Launches and Higher Targets for FY26
With residential developments worth ₹14,000 crore on the horizon and a July stock market listing, Raymond Realty is accelerating its evolution into a dominant force in India’s real estate industry.
A New Chapter for Raymond Realty: Independent Growth and Expansion
Raymond Realty is preparing for a pivotal FY26, with plans to launch six new residential developments in the Mumbai Metropolitan Region (MMR), targeting a combined sales potential of ₹14,000 crore. As the firm readies itself for a separate stock exchange listing on July 1, it is capitalizing on its extensive land assets, strong development pipeline, and reputation for quality to strengthen its foothold in India’s highly competitive residential real estate sector.
Spin-Off from Raymond Ltd and Strategic Market Entry
The real estate division of the Raymond Group is entering a new era as an independent entity. Post its demerger from Raymond Ltd—which will now concentrate on engineering ventures—Raymond Realty will be listed as a distinct company starting July 1, 2025. This structural shift aims to grant the realty arm greater strategic focus and flexibility to execute its expansion plans as a dedicated real estate developer.
Shareholders of Raymond Ltd will receive one Raymond Realty share for each share they currently own, maintaining their investment stake as the group transitions into its new phase.
FY26 Pipeline: Six Residential Developments Across MMR
Raymond Realty’s strategic roadmap for FY26 includes six residential launches in the MMR, collectively targeting ₹14,000 crore in sales bookings. These projects will cater to a diverse clientele, with offerings ranging from ₹2 crore to ₹20 crore, spanning both mid-range and high-end segments.
CEO Harmohan Sahni reiterated the company’s commitment to delivering quality homes on schedule. Having already completed two residential developments since its 2019 inception and with six more underway, the firm has built a credible reputation in the Thane and Mumbai markets.
Expanding Reach Through Land Bank and Strategic Collaborations
The company’s sizable land holdings in the MMR continue to be a key enabler of its growth. With a total gross development value (GDV) of ₹40,000 crore and projects worth ₹10,500 crore already underway, Raymond Realty is well-placed to meet rising housing demand in the region.
In pursuit of asset-light growth, the company is actively exploring joint development agreements (JDAs) to unlock value from additional land parcels. Notably, recent JDAs in Mahim and Wadala, estimated at ₹6,800 crore, are projected to significantly contribute to annual pre-sales within the next two years. Expansion into Pune’s residential market is also on the radar under this model.
Strong Financials and Future Roadmap
Raymond Realty posted a robust performance in FY25, with revenue increasing 45% to ₹2,313 crore and profit before tax reaching ₹370 crore, up from ₹1,593 crore in the previous fiscal year. This growth underscores effective execution and healthy market traction.
The roadmap includes an annual topline growth target of 15% and a 25% rise in EBITDA, anchored by a disciplined, debt-free financial strategy.
Riding the Real Estate Momentum in Mumbai
Mumbai continues to serve as the primary hub for Raymond Realty’s expansion and strategic development efforts.
As the city contributes around 28% of residential sales across India’s top ten cities, the company’s focus on mid-size and premium housing aligns with evolving urban lifestyles and increasing demand for quality homes.
Despite caution from credit agencies and rising home prices, Raymond Realty remains optimistic. Residential property values in Mumbai have climbed by 7–8%, with this trend expected to hold steady.
Vision for the Future: Community, Trust, and Excellence
Raymond Realty’s objective surpasses mere housing development—it is dedicated to nurturing dynamic, seamlessly integrated communities.
By prioritizing high construction standards, timely project completion, and customer satisfaction, the company is building a brand anchored in trust and long-term value.
Its expanding portfolio, asset-light growth model, and sound financial health place Raymond Realty in a strong position to influence the future of Indian urban living.
Conclusion
With its sights set on FY26, Raymond Realty is making significant strides as a standalone real estate firm. The scheduled launch of six projects in MMR, a projected ₹14,000 crore in sales bookings, and a July stock market listing highlight its growth ambitions. Backed by a rich land bank, a sharp financial strategy, and an unwavering commitment to quality, the company is poised to redefine its role in India’s dynamic real estate landscape.
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