Stories
Raymond Realty Targets 20% FY27 Pre-Sales Growth Driven By New Mumbai And Thane Launches
- •Raymond Realty expects strong sales momentum in the second half of FY27, targeting at least 20 percent growth in pre-sales.
- •Growth will be supported by upcoming residential projects in Mahim and Thane, including two sizeable developments in Mahim with a gross development potential of ₹4,000 crore.
- •CEO and MD Harmohan Sahni noted that the first half of FY27 saw pre-sales nearly double and collections rise by 67 percent without any new project launches.
- •The company plans to maintain moderate, measured price increases of 6 to 8 percent annually, keeping the housing market balanced for genuine homebuyers rather than investors.
Key Questions Answered
Raymond Realty is targeting at least 20% growth in pre-sales for the financial year FY27, supported by new project launches in Mumbai and Thane. CEO and MD Harmohan Sahni noted that strong sales momentum is expected to continue in the second half of the year.
The two sizeable residential projects planned for launch in Mahim, Mumbai, have a combined gross development potential of around ₹4,000 crore. These projects are part of the company's robust launch pipeline aimed at boosting bookings in upcoming quarters.
Raymond Realty typically limits its annual price increases to around 6-8%, depending on project specifics and prevailing micro-market conditions. During the first half of FY27, projects saw moderate price hikes of 2-3% as the company maintains a balanced approach for genuine homebuyers.
