Raymond Realty ‘cautious’ on South Mumbai real estate, to enter only if ‘returns make sense’: Harmohan Sahni, MD and CEO
Raymond Realty is taking a ‘cautious’ approach towards the South Mumbai real estate market and will enter the segment only if deal structures and expected returns meet its internal benchmarks, according to Harmohan Sahni, MD and CEO of the company. Mumbai real estate update: Raymond Realty is taking a ‘cautious’ approach towards the South Mumbai real estate market and will enter the segment depending on the deal structures, said Harmohan Sahni, MD and CEO. (Raymond Realty) Sahni said the company will continue to focus on Mumbai’s western and eastern suburbs, as well as the Bandra Kurla Complex (BKC), which it views as a strong employment hub with sustained housing demand across market cycles. “South Bombay (Mumbai) we are very cautious because we have a certain view on this market and we will only be present in South Bombay market if it makes sense to us in terms of deal structure and the returns that we will get,” he said at a recently held investors’ call. On the impact of the ongoing US-Iran war, Sahni said …
