Raymond Realty will Expand through Joint Venture in MMR Region

Raymond Realty will Expand through Joint Venture in MMR Region

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1 year(s) ago

Raymond Group Shifts Focus to Real Estate. Raymond Group, a leading textile and apparel company, is undergoing a strategic transformation. Raymond Group has launched its real estate vertical by the name of Raymond Realty. Initially it will launch a project in Thane, where the group already have a land parcel and after that, Raymond Realty will expand through strategic Joint Ventures. Raymond Realty will Expand through Joint Ventures and Collaboration in the MMR Region

Here’s a breakdown of the key changes:

Real Estate Focus:

  • Raymond Ltd. is actively pursuing growth in the real estate sector.
  • This includes forming Joint Development Agreements (JDAs) with other landowners and undertaking joint venture projects.
  • The company aims to monetize its substantial land bank (over 60 acres) in Thane, Mumbai.
  • Raymond Realty, the group’s real estate arm, is envisioned to become a core business.
  • Expansion plans target the high-growth potential Mumbai Metropolitan Region (MMR) beyond Thane.
  • Their success in Thane is evident with three projects already launched, generating significant bookings (₹1,600 crore) in the last year. Two projects are nearly sold-out (80% occupancy), while the third project boasts a promising start (25% sales).

Financial Restructuring:

  • The sale of Raymond’s FMCG business to Godrej Consumer Products is expected to eliminate debt and generate a surplus of ₹1,500 crore.
  • This capital will be strategically allocated to fuel growth initiatives.

Overall Significance:

Raymond Group’s strategic shift signifies a focus on high-potential sectors like real estate and apparel. With a successful track record in Thane’s real estate market and a growing apparel business, Raymond is well-positioned for future success. The company’s financial restructuring provides the necessary resources to fuel this transformation.

 

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in

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