Curation Team
NEW DELHI: Raymond Realty (RRL), the real estate arm of Raymond Group, will list on Indian stock exchanges, following its demerger from Raymond.
The listing is aimed at unlocking shareholder value by creating a focussed, net debt free pure-play real estate entity.
Harmohan Sahni, MD & CEO of the company said, “With a net debt-free balance sheet, 100 acre of owned land, and a capital-efficient joint development model, we are well-positioned to sustain over 20% annual growth and industry-leading ROCE of over 20%.”
The company operates through three residential brands – TenX, The Address by GS and Invictus, owns 100 acre land and six joint development agreements and has an estimated gross development value of approximately ₹400 billion.
