Formal announcement on the launch of 4th project – “The Address by GS -2”. Has revenue potential of over 2000 crores.
Their website also refers to a 5th project which seems to be in the luxury category. The RERA website indicates the project name is “Invictus”
And then there will be the 1st JDA project, the details of which is yet to be shared
Post de-merger, Raymond Ltd will essentially be the realty business (and also the auto and denim JV, which I guess will be sold off eventually)
Any inputs on how to value Raymond Ltd as a pure realty company? The EBITDA margins are at 25% now
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