This Real Estate Giant announces its 7th Major Joint Development Project in Mumbai

This project is expected to strengthen its portfolio with the third redevelopment project in the Western suburbs. This also represents the 7th Joint Development project undertaken by the Company in Mumbai city as per the strategic expansion plan of the Company. The project is expected to contribute substantially to the Company’s future growth and reinforce its position as a key player in the city.

The project is estimated to have a gross development value of approximately Rs 3,000 crore and marks the Company's third project in the Western Suburbs of Mumbai. With the inclusion of this project, the Gross Development Value of the Real Estate projects handled by the company will be close to Rs 43,000 crore.

Sharing his views on the project, Harmohan Sahni, the Chief Executive Officer (CEO) of Raymond Realty Ltd, said –
“As we continue to scale our portfolio across high-quality urban locations, we are on track to compound growth with execution excellence and disciplined capital deployment, while delivering strong end-user demand and sustained investor returns.”

About Raymond Realty Ltd

Incorporated in 2017, Raymond Realty Ltd (RRL) is in the business of real estate development. RRL was a real estate part of Raymond Ltd. On May 14, 2025, RRL was demerged from parent company Raymond Ltd with a demerger ratio of ~1:1. The company focuses on premium residential, commercial, and ultra-luxury developments mainly in Mumbai's MMR region, like Thane, Bandra, and BKC.

Raymond Realty Ltd Share Price

Following the disclosure on Monday (March 9, 2026), the share price of Raymond Realty Ltd was trading at Rs 381.70, up Rs 1.10 or 0.29 per cent, as of 2:57 PM IST. The share price of Raymond Realty Ltd stood at Rs 380.30, reflecting a year-to-date decline of Rs 141.10, or 27.06 per cent. On a one-year basis, the stock has fallen Rs 588.90, or 60.76 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.