Raymond Realty to List on Stock Exchanges July 1, Eyes 20% Profit Margins on Projects

Raymond Realty Ltd, the real estate arm of the Raymond Group, will debut on Indian stock exchanges on July 1 following its demerger from Raymond Ltd. The company will focus exclusively on high-margin real estate development, targeting projects with profit margins of over 20%.

This listing is part of the group’s larger Raymond 2.0 transformation strategy aimed at unlocking shareholder value. “It marks a pivotal milestone in our journey to become a future-ready, purpose-driven enterprise,” said Gautam Hari Singhania, Chairman and Managing Director of Raymond Ltd. “With Lifestyle, Real Estate, and Engineering as three focused verticals, each entity can now deliver sharper execution and sustainable growth.”

Raymond Realty will operate as a pure-play, net debt-free real estate firm, leveraging a ₹40,000 crore development pipeline. The company owns 100 acres of land and plans to expand its joint development agreement (JDA) portfolio by ₹5,000 crore each year. ₹10,500 crore worth of projects have already been launched, with some units sold.

Managing Director and CEO Harmohan Sahni said the company aims to sustain annual growth above 20% and maintain a return on capital employed (ROCE) of over 20%. “With a capital-efficient JDA model and a 400+ member strong professional team, we’re not just building homes we’re shaping the future of urban India,” he said.

The demerger and listing follow Raymond Group’s similar move last year to separate its lifestyle business. The group believes this strategy brings a sharper market focus and greater operational efficiency to each vertical.

Raymond Realty’s leadership emphasized that all future projects would be evaluated strictly for profitability, and only those with 20%+ margins would be taken up.

As Raymond celebrates its 100-year legacy, the group aims to position Raymond Realty as a long-term value creator in India’s growing real estate market.