Raymond500330Real estate
Raymond chairman said the real estate business, focused on Mumbai's sub-Rs 50,000/sq ft segment, is seeing strong demand driven by infrastructure development
By ScoutQuest · · 1 min read
- Share of real estate under Rs 50,000/sqft
- 95 percent
Heard on business television between 10:13:19 - 10:16:19 IST.
- Said 95% of Raymond's real estate product is priced under Rs 50,000 per square foot, where demand remains strong
- Said Mumbai is becoming a better city to live in due to government infrastructure spending, reducing traffic and connecting east-west via new projects
- Cited example of a new project in Wadala and improved connectivity to the new airport
- Noted rising demand from new entrants to Mumbai and commercial development such as new bars, restaurants and a marina
- Said rising interest rates and inflation could hurt weaker players but strengthen stronger ones, calling it an opportunity
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Source: Live TV News Channel · 23 Oct 2026
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