THE BLUE PRINT

▶ Raymond Realty plans to develop 17 mn sq. ft of saleable area in the next five years

▶ It is developing 3 mn sq. ft of residential properties in Thane, which is owned by its parent firm

▶ Will fund its projects with internal accruals and debt, sticking toa debt to equity of 1:1

▶ Looks to develop the projects on joint development model where the company will share revenues with land owners

▶ Plans to develop mid-market to premium properties in Mumbai region