Raymond Realty: Charting a Bold Path to Doubling Growth

A New Era of Expansion and Independence

Raymond Group, a storied name in Indian industry, is poised to redefine its legacy in the real estate sector. Having successfully demerged its real estate business and set the stage for its imminent listing, Raymond Realty is now targeting an ambitious doubling of its topline to ₹4,000 crore over the next five years. This bold vision, articulated by Chairman and Managing Director Gautam Singhania, is anchored in a robust growth strategy, disciplined financial management, and a portfolio brimming with high-potential projects across Mumbai and Thane.

A Growth Engine for the Future

Raymond Realty’s FY25 performance already speaks to its momentum: with revenue of ₹2,313 crore and a profit before tax of ₹370 crore, the business is firing on all cylinders. The company’s topline grew by an impressive 45.2% last year, a testament to its execution prowess and the strong demand for its projects. Looking ahead, Singhania has set a target of 15% annual revenue growth and 25% annual EBITDA growth, underscoring the group’s confidence in the sector’s long-term potential.

A Strong Foundation for the Journey Ahead

Raymond Realty enters this new chapter with a clean balance sheet, having achieved net debt-free status. While Singhania acknowledges that maintaining this position may be challenging as the business scales, he emphasizes a commitment to financial discipline and prudent capital allocation. “We want to be a strong company with good financial discipline,” he affirms, signaling a focus on sustainable, value-driven growth.

A Portfolio That Inspires Confidence

The company’s development pipeline is nothing short of transformative. With projects in Thane and Mumbai collectively valued at over ₹25,000 crore, Raymond Realty is well-positioned to capitalize on the region’s burgeoning demand for quality housing and commercial spaces. The recent signing of two joint development agreements—in Mahim and Wadala—worth ₹6,800 crore, further bolsters its portfolio. Joint development projects are expected to account for 50% of annual pre-sales within two years, reflecting a strategic pivot toward asset-light, scalable growth.

A Vision Rooted in Mumbai’s Growth Story

Mumbai remains the beating heart of Raymond Realty’s expansion. The city accounts for 28% of residential sales among India’s top 10 cities, with 700,000 units sold annually. This vibrant market, coupled with Raymond’s focus on mid-size and premium segments, provides a fertile ground for sustained growth. Despite headwinds from rising prices and cautious forecasts by rating agencies, Singhania remains bullish on sales, noting that residential prices have grown by 7-8% and are expected to maintain this trajectory.

A Commitment to Excellence and Innovation

As Raymond Realty prepares for its stock market debut, the company is not just building homes—it is building communities, trust, and a legacy of excellence. With plans to launch two new projects on its own land in Thane and four joint development projects in Mumbai in FY26, the group is laying the groundwork for a future where real estate is not just a business, but a cornerstone of India’s urban transformation.