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Last updated on October 22nd, 2024 at 02:13 am
Raymond Group announced last year the demerger of its apparel business to put in place a proper & focused strategy for its three clear lines of business.
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Their 3 main businesses are:
1. Real Estate (Raymond Realty & Raymond Realty TenX),
2. Engineering, and
3. Lifestyle.
Raymond Realty Business
It is a leading real estate development company in India.
It is a subsidiary of the Raymond Group, a diversified conglomerate.
It benefits from the company’s strong reputation and expertise.
Specialization:
Raymond Realty is focused on developing residential and commercial projects.
It is known for its commitment to quality construction, modern amenities, and strategic locations.
Target Market:
Their projects cater to various segments, including luxury apartments, mid-segment housing, and commercial spaces.
[Also Read: Understanding Raymond Realty Share Price]
When Will Raymond Realty Be Listed?
The group had last year announced the demerger of its apparel business, putting in place a well-planned strategy of three arms of businesses – real estate, lifestyle, and engineering.
The real estate arm Raymond Realty TenX listing is expected to be in the next year. Gautam Singhania also confirmed that the group has lined up appropriate plans to expand its clothing business.
Gautam Singhania’s Exclusive Interaction with Moneycontrol
In a recent interaction with Moneycontrol Gautam Singhania said: “What we are doing is that we are trying to create shareholder value. We had two businesses – lifestyle and engineering/auto. And in the last five years, we started the real estate business”.
[Also Read: Mumbai Redevelopment: Real Estate Price Boom, Mumbai Island City]
Gautam Singhania in his brief interaction told Moneycontrol “We announced the demerger of the lifestyle business last year. The lifestyle company should list hopefully next week, sometime. We have significantly scaled up the real estate business as well. We believe both these businesses will require their structures to run. So, we have also announced the demerger of the real estate business as well. So, we will have three companies – real estate, lifestyle and engineering,”.
Future of Raymond Realty TenX
Raymond Realty TenX has promising real estate development projects in Mumbai & Thane. As a subsidiary of the renowned Raymond Group, it benefits from the company’s reputation and expertise.
Key Factors Contributing to Future Potential:
Strategic Location:
Mumbai & Thane are rapidly developing areas having excellent connectivity.
Quality Construction:
Raymond Realty is known for its commitment to quality construction and the latest modern amenities.
Growing Demand:
There is a strong demand for residential properties in Mumbai & Thane, especially among young professionals and families.
Developer Reputation:
The Raymond Group’s reputation as a trusted brand enhances their projects’ appeal.
While the specific future trajectory of Raymond Realty TenX may depend on various factors, including market conditions and project execution, their projects’ overall prospects appear positive.
With several real estate projects lined up at several places in Mumbai City and Mumbai Suburbs along with other places in the Mumbai Metropolitan Region like Thane etc., Gautam Singhania’s above-mentioned real estate arm is expected to perform very good in the coming future, as per ground reports, with real estate market prices expected to rise in the coming few months, thereby raising investor confidence and holding a good share in the upcoming Mumbai’s real estate market.
Please Conduct thorough research and consider factors such as pricing, amenities, and completion timelines before making any investment decisions.
[Also Read: How to Become a Real Estate Developer With No Experience?]
Summing Up About Listing of Gautam Singhania’s Raymond Realty TenX & Raymond Realty Share
In his exclusive interaction with Moneycontrol, Gautam Singhania has revealed and confirmed the listing of Raymond Group’s Real Estate Arm in the coming year 2025, and thereafter we shall be able to know the details of Raymond Realty Share.
When Will Raymond Realty Be Listed? / When Raymond Realty will be listed?
As per the recent revelation by Gautam Singhania in his interaction with Moneycontrol, Raymond Realty is expected to be listed next year, i.e.- in the coming year 2025.
What is Gautam Singhania Net Worth?
Gautam Singhania’s estimated net worth is approximately $1.4 billion as of 2024. This figure is based on his significant holdings in the Raymond Group, a leading textile, real estate, and lifestyle conglomerate in India.
Please note that net worth can fluctuate due to market conditions and personal investments. For the most accurate and up-to-date information, consult financial news sources or wealth tracking websites.
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