Raymond Realty Share Price in Focus; Announces 7th Joint Development Project in Mumbai

Raymond Realty Limited has announced its 7th major joint development project in Mumbai, further expanding its footprint in the city's real estate sector, as per the exchange filings.  

This new venture is set in the prime location of Kandivali, with an estimated gross development value of ₹3,000 crore. 

Raymond Realty's Strategic Expansion in Mumbai 

The new project in Kandivali is Raymond Realty's 3rd redevelopment project in the Western Suburbs of Mumbai. This initiative aligns with the company's strategic expansion plan, aiming to strengthen its portfolio across high-quality urban locations. 

Harmohan Sahni, CEO of Raymond Realty, emphasised the company's commitment to growth through execution excellence and disciplined capital deployment. The project is expected to contribute significantly to the company's growth and solidify its presence in Mumbai's real estate market. 

Significant Contribution to Raymond Realty's Portfolio 

With the addition of this project, Raymond Realty's gross development value of real estate projects will approach ₹43,000 crore. This reflects the company's rapid growth since its entry into the real estate sector in 2019. 

Read More: Puravankara Enters Joint Development for ₹1,300 Crore Project on Bengaluru’s Hennur Road! 

About Raymond Realty 

Raymond Realty Limited, part of the iconic Raymond Group, is one of India's fastest-growing real estate developers.  

Headquartered in Mumbai, the company has established itself among the top 10 real estate players in the country. Known for its superior design and timely execution, Raymond Realty has delivered landmark residential and commercial projects. 

Raymond Realty's Brand and Value 

The company boasts iconic aspirational, premium, and luxury residential brands such as TenX, The Address by GS, and Invictus.  

With 100 acres of owned land and 6 joint development agreements, Raymond Realty has an estimated gross development value of approximately ₹40,000 crore. 

Raymond Realty Share Price Performance 

As of March 09, 2026, at 12:26 PM, Raymond Realty share price on NSE was trading at ₹374.80 down by 1.52% from the previous closing price. 

Conclusion 

Raymond Realty's announcement of its 7th joint development project in Mumbai underscores its strategic expansion in the city's real estate market. With a focus on high-quality urban locations and disciplined capital deployment, the company continues to strengthen its position as a key player in the industry. 

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