Regulatory Disclosure Details
Disclosure Type: Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Project Details
Location: Prime location in Parel, Mumbai (South Mumbai)
Project Type: Prestigious residential development
Gross Development Value (GDV): Approximately ₹8,500 crore
Significance: Largest project undertaken by Raymond Realty outside its flagship Thane land parcel
Project Count: 8th Joint Development project in Mumbai city
Strategic Importance
- Marks company's maiden residential project in Parel and foray into South Mumbai
- Envisioned as landmark premium residential development integrating luxury, contemporary design, wellness, and convenience
- Leverages strategic location with unhindered sea views and exceptional connectivity
Connectivity Advantages
- Immediate connectivity via newly commissioned Atal Setu to Navi Mumbai International Airport
- Reduced commute times to major business hubs (Worli, BKC, Lower Parel) through Sewri-Worli Elevated Connector (scheduled to open by late 2026)
- Upcoming underground tunnel ensuring seamless travel to Marine Drive and Nariman Point by 2028
- Future Metro Line 11 (Bandra to Colaba via Parel) providing access to commercial and lifestyle nodes
Management Commentary
Gautam Hari Singhania, Chairman, Raymond Group: Emphasized Parel's importance in Mumbai's evolution and commitment to nation building. Highlighted asset-light, partnership-led approach for unlocking value in sought-after locations.
Harmohan Sahni, Managing Director & CEO, Raymond Realty Ltd.: Stated the project marks significant milestone in expansion into South Mumbai. Emphasized disciplined asset-light model and agile capital structure enabling high-value opportunities while maintaining capital efficiency.
Portfolio Impact
Total Real Estate Portfolio GDV: Increases to approximately ₹52,000 crore
Company Positioning: Reinforces position among top 10 Real Estate players in India
Growth Strategy: Focus on scalable growth and strong execution across Mumbai Metropolitan Region
Corporate Background
Raymond Realty Limited is a pure-play branded real estate developer part of Raymond Group with century-long legacy. The company has 100 acre owned land and 6 Joint Development Agreements (now increased to 7 with this project).