Raymond Realty Lands Rs 8,500 Crore Project in Parel, Boosting Total GDV to Rs 52,000 Crore

Raymond Realty Lands Rs 8,500 Crore Project in Parel, Boosting Total GDV to Rs 52,000 Crore​

Raymond Realty Limited has signed a Joint Development Agreement (JDA) to undertake a prestigious residential project in Parel, Mumbai, marking the company's entry into South Mumbai. This landmark project carries an estimated Gross Development Value (GDV) of approximately Rs 8,500 crore, making it the largest development initiated by Raymond Realty outside its core Thane land parcel and reaffirming its strong strategic expansion across the city.

The new venture is envisioned as a premium residential development, combining luxury and contemporary design to redefine modern urban living in the heart of Mumbai. This JDA represents the company's eighth major joint development project within Mumbai city.

Strategic Importance and Connectivity​

The Parel location provides unparalleled opportunities due to its strategic advantage, offering both unhindered sea views and exceptional connectivity. The project benefits significantly from regional infrastructure improvements. These include immediate access via the newly commissioned Atal Setu connecting to the Navi Mumbai International Airport. Future transit advantages are expected through the Sewri-Worli Elevated Connector, scheduled for late 2026, and an upcoming underground tunnel set to facilitate seamless travel to Marine Drive and Nariman Point by 2028.

Commenting on the significance of the venture, Gautam Hari Singhania, Chairman of Raymond Group, stated that Parel is central to Mumbai's evolution. He added that the strategic joint development continues to be guided by an asset-light, partnership-led approach designed to unlock value in some of Mumbai’s most sought-after locations and reflects a commitment to national building.

Harmohan Sahni, Managing Director & CEO of Raymond Realty Ltd., highlighted that this JDA is a significant milestone in the company's expansion into South Mumbai. Mr. Sahni noted that Raymond Realty has established itself as one of the fastest-growing real estate developers in the Mumbai Metropolitan Region (MMR), bolstered by the century-long legacy of trust from the Raymond Group. He emphasized that their disciplined, asset-light model allows them to unlock high-value opportunities while maintaining capital efficiency.

Portfolio Scale Increases Significantly​

The addition of this project is set to substantially contribute to the company’s growth trajectory and solidify its position as a key player in Mumbai's real estate market. With the signing of the JDA, Raymond Realty’s total estimated Gross Development Value for its projects will increase to close to Rs 52,000 crore, underscoring the scale and pace of their expansion across Mumbai.

About Raymond Realty Limited​

Raymond Realty Limited is a focused, pure-play branded real estate developer headquartered in Mumbai and part of the iconic Raymond Group. Since entering the real estate sector in 2019, the company has established itself among the top 10 Real Estate players nationally, delivering residential and commercial projects characterized by superior design and execution.

The company holds a total portfolio including 100 acres of owned land and six Joint Development Agreements (JDA). Raymond Realty utilizes iconic aspirational brands such as TenX, The Address by GS, and Invictus.

RAYMONDREL Stock Price Movement​

As of 12:57 PM, shares of Raymond Realty Limited are gaining ground in live trading, currently valued at ₹726.00 after climbing 3.12% in a solid intra-day performance. The stock has seen brisk activity so far today, with 388,648 shares exchanged in the market.