Raymond Realty listing: Shares to debut on NSE, BSE on July 1; check other key details

Moreover, Raymond Realty said it would launch six residential projects this fiscal year in the Mumbai Metropolitan Region with an estimated revenue potential of about ₹14,000 crore as the company looks to expand the property business amid strong demand.

The demerger will position Raymond Realty to pursue its growth trajectory as an independent pure-play real estate business.

Sahni highlighted that the company has a huge land bank in the Mumbai Metropolitan Region (MMR).

"In 2019, we started our first project. In the last six years, we have built a significant presence at Thane and Mumbai in MMR," Sahni said.

"The total gross development value (GDV) of about ₹40,000 crore is what our portfolio looks like today. Out of that, ₹10,500 crore worth of projects have already been launched," he added.

Sahni said the remaining projects would be launched in the coming years.

Asked about the pipeline for the current fiscal year, Sahni said the company will launch six projects in MMR this fiscal year with sales bookings potential of around ₹14,000 crore.

The company will offer housing units in a price range of ₹2 crore to ₹20 crore in the upcoming projects.

Sahni said the company is focusing a lot on quality and timely completion of projects.

Since its inception, Raymond Realty has completed two housing projects, while six projects are under construction.

Mumbai-based Raymond Realty, one of the leading real estate firms in the country, sold properties worth ₹2,314 crore last fiscal as against ₹2,268 crore in the preceding year.

Raymond Realty's revenue rose 45% to ₹2,313 crore in 2024-25 from ₹1,593 crore in the preceding year.

Sahni said the company is exploring acquiring more land parcels in MMR under joint development agreements (JDAs) with landowners. It also wants to enter the Pune residential market under the JDA model.

Raymond Realty listing details

On the upcoming listing of Raymond Realty, the company said the demerger scheme has become effective from May 1, 2025, and the record date is May 14, 2025, for the purpose of determining the eligible shareholders of the demerged company, Raymond Ltd.

According to the scheme of arrangement, each shareholder of Raymond Ltd will receive one share of Raymond Realty Ltd for every share held in Raymond Ltd.

Raymond Group has been a pioneer and leader in fabric manufacturing since 1925 and then forayed into other sectors such as engineering business and real estate.

After demerging its lifestyle business into a separate listed entity in 2024, Raymond Ltd is now carving out the real estate vertical into a separate listed entity.

Raymond Realty: Reason behind demerging realty ventures

Explaining its rationale, Raymond Ltd. said it seeks to reorganise the real estate business carried on by itself and through its subsidiaries.

"To exploit the growth potential of the real estate business and attract a fresh set of investors/strategic partners to participate in the real estate business, it is proposed to consolidate the entire real estate business of the group under one single entity.

"Therefore, it is proposed to demerge the Real Estate Business Undertaking of Raymond Limited into Raymond Realty Limited, thereby unlocking the value of the real estate business of Raymond Limited as a whole," the company said.