Raymond Realty Limited has informed the Exchange regarding a press release dated March 09, 2026, titled "Raymond Realty Limited Announces 7th Major Joint Development Project in Mumbai.".
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Raymond Realty Limited has signed definitive documents for a new premium residential project in Kandivali, Mumbai, marking its 7th joint development project in the city and 3rd in the Western Suburbs. The project is estimated to have a Gross Development Value (GDV) of approximately Rs. 3,000 crore. With this addition, the company's total real estate GDV across all projects will rise to nearly Rs. 43,000 crore. CEO Harmohan Sahni highlighted that the project aligns with the company's strategic expansion plan focused on disciplined capital deployment and execution excellence. Raymond Realty is part of the Raymond Group and operates as a pure-play branded real estate developer in the Mumbai Metropolitan Region.
This is a positive growth announcement that strengthens Raymond Realty's project pipeline and boosts its total development portfolio by roughly Rs. 3,000 crore. For shareholders, it signals continued business expansion in a high-demand micro-market, though actual revenue recognition will depend on project execution and sales timelines over coming years.