Latest news with #TheAddressbyGS
Time of India
26-05-2025
- Business
- Time of India
Luxury real estate shows signs of slowing down, but strong developers hold the inventory
Harmohan Sahni, the CEO of Raymond Realty, recently shared insights on the state of the real estate market in a Q4FY25 investors call. He pointed out that while the luxury segment shows signs of fatigue, the premium market where they operate remains strong. Tired of too many ads? go ad free now It's like that once-loved shirt you wear a bit too often; it's still stylish, but maybe it's time for a wash. The luxury real estate scene, while less populated and showcasing high inventory levels, has inventory mainly in the hands of reliable developers, according to Sahni. What's happening in luxury real estate? "My personal view is that on the luxury side, there's some kind of tiredness, " Sahni explained. He reiterated that the current luxury market remains smaller, with fewer players participating actively. Despite this lull, the good news is that the inventory is in capable hands, which matters a lot during such slowdowns. When Sahni discussed various market segments, he highlighted the steady demand for premium real estate. "We are playing in deep markets, so volumes are very, very strong,' he said, showing confidence in their ongoing projects. What about growth and competition? Thane, a rapidly developing area near Mumbai, continues to thrive despite fierce competition. Sahni noted, "As the market has expanded, so has our share, " which is quite heartening for potential homeowners looking for stable investment choices. Raymond Realty has been actively introducing new projects, including significant developments in areas like Mahim and Wadala. Their push into the Pune market is also on the cards, looking to tap into the growing demand. "The residential segment is a massive opportunity—after all, in a country like India, everyone aspires to own a home, " he remarked. Tired of too many ads? go ad free now It's a well-known fact but worth remembering, especially with the right products targeting the right buyers. With about six or seven major markets contributing to 70-80% of the national market value, establishing a strong position in these areas is crucial. The Mumbai Metropolitan Region (MMR) stands out as a significant player, and getting a foothold there is part of the plan. Interestingly, Sahni clarified that Raymond isn't looking at the luxury or very affordable segments; instead, they are focusing on what he described as "affordable luxury. " It's like looking for a good quality mid-range phone rather than a flagship model—offering better value without going into the super-luxury territory. Since entering the real estate game in 2019 with their first project in Thane, Raymond Realty has progressively built its brand, launching projects like 'The Address by GS' in Bandra and solidifying its presence over the past few years.
India Today
14-05-2025
- Business
- India Today
Raymond shares crash 64%: Why is the stock falling after realty demerger?
Shares of Raymond Ltd plunged over 64% on Wednesday, not due to any negative news or fundamentals, but as a technical adjustment linked to the demerger of its real estate business, Raymond last count, the stock was trading at Rs 556.45, down 64.36% from its previous close of Rs 1,561.30. The sharp fall coincided with the ex-date of the demerger, when Raymond shares stopped factoring in the value of its real estate HAPPENING?Today is the record date to determine eligible shareholders who will receive shares of Raymond Realty, following the May 1 demerger. Under the approved scheme, investors will get one share of Raymond Realty for every share held in Raymond Ltd. This is the second major demerger for the group, following the earlier split of its lifestyle business into Raymond Lifestyle, which listed on stock exchanges in September real estate arm — now demerged — is expected to list separately by the September quarter. Until then, Raymond's stock will reflect only the non-realty segments of the Realty ended FY25 on a strong note, clocking Rs 766 crore in revenue for the fourth quarter, up 13% year-on-year. Its booking value stood at Rs 636 crore, led by projects like The Address by GS 2.0, Invictus, and Park Avenue – High Street Retail in Thane, along with the JDA project The Address by GS in business also reported a healthy EBITDA of Rs 194 crore with margins at 25.3%, and sits on a net cash surplus of Rs 399 Realty is expanding beyond Thane, having signed two new Joint Development Agreements in Mahim and Wadala, together valued at Rs 6,800 crore. These take its non-Thane project count to six, strengthening its presence across the Mumbai Metropolitan Region (MMR).'This strategic move reinforces our commitment to unlock shareholder value and focus on pure-play businesses,' said Gautam Hari Singhania, Chairman and MD of Raymond. 'We are strengthening our footprint across MMR and delivering on our promise of timely, high-quality developments.'While the sharp price drop may have caught some investors off-guard — especially those using mobile trading apps that may not yet reflect the adjusted valuation — the correction is largely mechanical and not a reflection of weak the company gears up for the separate listing of Raymond Realty, the demerger is seen as a move to enhance transparency, operational efficiency, and growth potential in one of India's most competitive real estate markets.
