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.
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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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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/