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Conglomerates strike a gold mine in real estate assets
Mint Chennai
|October 25, 2025
business into a separately listed company in July called Raymond Realty, is rapidly developing new projects as well.
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Business houses look to cash in on the boom in prices.
(MINT)
The company was founded in 2019 by Raymond as a means to generate returns from its 100-acre land parcels in Thane, near Mumbai.
However, as the business scales, the company has ventured beyond its own land into the redevelopment of old buildings in Mumbai, with its first such project launched in suburban Bandra. It has lined up five additional redevelopment projects in the city.
“We are probably the fastest growing real estate company in India today,” Gautam Singhania, the chairman of the Raymond Group, said during an investor call in May this year.
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