NSEPress Release15 Jul 2026 · 15 Jul 2026, 12:45 pm

Press Release

Raymond Realty Limited · RAYMONDREL

✦ AI Summary▲ PositiveExpansion

Raymond Realty Limited has announced its 8th major joint development project in Mumbai, with an estimated Gross Development Value (GDV) of approximately Rs. 8,500 crore. The project will be developed in a prime location in Parel, Mumbai, and marks the company's largest development outside its flagship Thane land parcel.

Analysis Scores

Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk6/10
Liquidity Impact9/10
Market Sentiment8/10

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Full Announcement

Raymond Realty Limited has informed the Exchange regarding a press release dated July 15, 2026, titled "Raymond Realty Limited Announces 8th Major Joint Development Project in Mumbai.".

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RRL_15072026124011_SE_Intimation_PR_Final.pdf

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RAYMOND REALTY LIMITED RRL/SE/26-27/32 July 15, 2026 The Department of Corporate Services – CRD, National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, 5th Floor, P.J. Towers, Dalal Street, Bandra-Kurla Complex, Mumbai - 400 001. Bandra (East), Mumbai - 400 051. Scrip Code: 544420 Symbol: RAYMONDREL Dear Sir/Madam, Sub: Raymond Realty Limited: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Press Release. Ref: Raymond Realty Limited (ISIN: INE1SY401010). Pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’), we enclose herewith the Press Release – “Raymond Realty Limited Announces 8th Major Joint Development Project in Mumbai” This information shall also be made available on the website of the Company i.e. www.raymondrealty.in in terms of Regulation 30 and 46 of the SEBI Listing Regulations. Kindly take the same on record and acknowledge. Thanking You, Yours faithfully, For Raymond Realty Limited (formerly known as Raymond Lifestyle Limited) Hiren Sonawala Company Secretary Encl: a/a Regd. Offic e: Jekegram, Pokhran Road No.1, Thane (W)- 400 606. CIN: L41000MH2019PLC332934 | Tel.: +91 22 6837 3700 | Website: raymondrealty.in | Email ID: raymondrealty.corporate@raymond.in PRESS RELEASE Raymond Realty Limited Announces 8th Major Joint Development Project in Mumbai Signs Joint Development Agreement to develop its maiden residential project in Parel, marking the Company's largest development outside the Thane land parcel • Estimated Gross Development Value (GDV) of approximately Rs. 8,500 crore, making this the largest project undertaken by the Company outside its flagship Thane land parcel • This project is envisioned as a landmark premium residential development that redefines modern urban living through a seamless integration of luxury, contemporary design, wellness, and everyday convenience • Takes the Company's total real estate portfolio GDV to approximately Rs. 52,000 crore Mumbai, 15th July 2026: Raymond Realty Limited (the “Company”) today announced that it has signed a Joint Development Agreement (JDA) to develop a prestigious residential project in a prime location of Parel, Mumbai marking its foray in South Mumbai. This landmark project carries an estimated Gross Development Value (GDV) of approximately Rs. 8,500 crore, making it the largest project undertaken by the Raymond Realty outside its flagship Thane land parcel to date. It also represents Raymond Realty’s 8th Joint Development project in Mumbai city, reaffirming the strong momentum behind the Company’s strategic expansion plan. The development gives Raymond Realty a premier opportunity to construct an iconic, large-scale residential project in the heart of the city, offering unparalleled location advantages, unhindered sea views, and exceptional connectivity. The project leverages a highly strategic location, offering immediate connectivity via the newly commissioned Atal Setu to the Navi Mumbai International Airport. It also significantly reduces commute times to major business hubs such as Worli, BKC, and Lower Parel through the Sewri-Worli Elevated Connector, scheduled to open by late 2026, while the upcoming underground tunnel is set to ensure seamless travel to Marine Drive and Nariman Point by 2028. Commenting on the development, Gautam Hari Singhania, Chairman, Raymond Group said: “Parel has always been at the heart of Mumbai’s evolution and we are proud to add another landmark to Raymond Realty’s growing portfolio through this strategic joint development. Our expansion continues to be guided by an asset-light, partnership-led approach that enables us to unlock value in some of Mumbai’s most sought-after locations. This project reflects our commitment to nation building and our confidence in Mumbai’s enduring growth story shaping the next generation of urban living.” From connectivity standpoint, the area boasts a future-proof urban transit framework, with the upcoming Metro Line 11, spanning Bandra to Colaba via Parel, set to put the city’s primary commercial and lifestyle nodes within rapid, effortless reach. Harmohan Sahni, Managing Director & CEO, Raymond Realty Ltd., said: “Raymond Realty has firmly established itself as one of the fastest-growing real estate developers in the Mumbai Metropolitan Region, backed by the Raymond Group’s century-long legacy of trust, excellence, and quality. This landmark Joint Development Agreement in Parel marks a significant milestone in our expansion into South Mumbai and underscores our confidence in the long-term potential of Mumbai’s premium residential market. Our disciplined, asset-light model and agile capital structure enable us to unlock high-value opportunities while maintaining capital efficiency. With a focus on scalable growth and strong execution, we continue to create long-term value for our stakeholders and strengthen our presence across MMR.” The project will contribute meaningfully to the Company’s future growth and fortify its presence as a key player in the city. With this addition, the Gross Development Value of Raymond Realty’s real estate projects will rise to close to Rs. 52,000 crore, underscoring the scale and pace of the Company’s expansion across Mumbai. PRESS RELEASE About Raymond Realty Raymond Realty Limited is one of India’s fastest-growing real estate developers, headquartered in Mumbai and part of the iconic Raymond Group. Bringing the Group’s century-long legacy of trust, quality, and excellence into the real estate sector, Raymond Realty is a focused, pure-play branded real estate developer with a strong presence across the Mumbai Metropolitan Region (MMR). Since its foray into real estate in 2019, the company has already carved position amongst the top 10 Real Estate players in the country and delivered landmark residential and commercial projects characterized by superior design, timely execution, and customer-centric innovation. With iconic aspirational, premium, and luxury residential brands (TenX, The Address by GS and Invictus), 100 acre owned land and 6 Joint Development Agreements, the company has an estimated gross development value of approximately ₹520 billion. To know more, visit us here: https://raymondrealty.in/