Raymond’s realty arm is set to release six residential projects in the Mumbai Metropolitan Region (MMR) during 2025–26, with a targeted sales value of ₹140 billion. This major launch coincides with its demerger and independent listing on 1 July, signalling a sharper focus on real estate as the parent pivots to pure engineering endeavors.
The company controls an extensive land bank across MMR and has steadily built momentum in Thane and Mumbai since 2019. Its current portfolio boasts a gross development value (GDV) approaching ₹400 billion, with ₹105 billion already under development and the remaining planned for phased deployment. Raymond Realty has completed two projects to date and has six under construction. Homes in the upcoming schemes will span a wide price range—from ₹20 million to ₹200 million—reinforcing the developer’s commitment to delivering quality construction, design excellence, and timely completion. This tiered pricing approach caters to diverse customer segments, from mid-income families to premium buyers.
In financial year 2024–25, the Mumbai-based developer recorded property sales of ₹23.1 billion, with revenues climbing 45% to ₹23.1 billion—marking flat sales volume but significantly better realisation per unit. The firm is actively pursuing joint development agreements to augment its land holdings across MMR and is exploring entry into Pune using a similar acquisition model. The demerger plan will distribute Raymond Realty shares to investors at a one-to-one ratio, coinciding with the earlier spin-off of its lifestyle division. This marks the completion of a group-wide strategy to separate its real estate, lifestyle, and engineering operations into standalone, listed entities.
Real estate analysts note that fresh supply of 20,000–30,000 homes worth ₹140 billion may help relieve current inventory pressure in Thane–Kalyan and the Mumbra–Panvel corridor. However, sustainability experts stress the importance of green construction practices, energy-efficient design, and equitable community infrastructure in these residential developments. Mumbai-based housing economist Dr. Ayesha Ranade commented, “Scaling real estate must go hand in hand with net-zero carbon goals—developers should integrate solar panels, rainwater harvesting, waste recycling, and inclusive amenities to truly uplift communities.”
The demerger also offers investors greater clarity: it provides transparency in financials, sharper sector focus, and improved governance—each factors that may unlock enhanced market valuations and easier capital access for land acquisition or project financing. As the realty arm expands, observers highlight the potential neighbourhood transformation. Large-scale developments often trigger demand for wider civic infrastructure—roads, public transport, schools, healthcare, parks—and the developer will need to engage proactively with local authorities and community stakeholders.
Financial analysts suggest that Raymond’s ambitious ₹140 billion output plan, if executed successfully, could improve MMR supply circulation and induce a more vibrant resale ecosystem, offering homebuyers greater mobility and liquidity. Looking ahead, the newly independent firm must balance aggressive expansion with environmental, social, and governance (ESG) priorities. Its ability to maintain quality, adhere to schedules, and embed sustainability will determine its long-term positioning in India’s evolving real estate landscape.
Raymond Realty to Launch Six MMR Projects Worth Rs 140 Billion
