NSE:RAYMONDREL management interview: Raymond Realty Enters South Mumbai With ₹8,500 Crore Parel Mega Project | Business News | ET Now
ET Now, 2026-07-16. Video: https://www.youtube.com/watch?v=VMvxT4a6gDs
- Parel JDA project: Raymond Realty has signed an ₹8,500 crore GDV joint development agreement for an 11-acre land parcel in Parel to build 17 lakh square feet of premium carpet area, with a phase-one launch expected in the next 18 months.
- Pre-sales guidance: The company is targeting a minimum of 20% annual pre-sales growth over the next two years, building on approximately ₹3,000 crore achieved in the previous year.
- Project launch pipeline: Applying a manufacturing-focused execution model across its eight signed projects, management plans to launch two projects this year, followed by Kandivali next year and Parel in 18 to 20 months.
- Consumer sentiment recovery: Real estate market demand has fully normalized and discounted geopolitical uncertainties following a brief two-week slowdown observed across industries in May.
- Mineral royalty relief: The Maharashtra government's withdrawal of royalties on minor minerals will have a negligible direct cost impact, but it significantly improves the ease of doing business by removing excavation delays and administrative hurdles.