Raymond Realty Ventures Beyond Thane with Launch of Maiden Mumbai Project
Raymond Realty Ventures Beyond Thane with Launch of Maiden Mumbai Project

Raymond Realty, the real estate branch of Raymond Group, made a significant move on February 20 by introducing its inaugural project in Mumbai, marking a departure from its traditional base in Thane. Dubbed ‘The Address by GS, Bandra’, this venture is part of the company's strategy to extend its reach beyond Thane through collaborative development agreements in the MMR region.

The decision to expand stems from the remarkable success of its flagship project in Thane, ‘The Address by GS’, which has garnered acclaim as the top-selling premium property in the area. Notably, this project is slated for completion two years ahead of schedule, as stated in a company announcement.

Occupying a sprawling 2.74-acre area, the new project boasts excellent connectivity to key locations such as the Bandra-Kurla Complex and Bandra-Worli Sea Link. It is designed to offer a mix of 2, 3, and 4 BHK apartments, along with a suite of 30 world-class amenities, including a state-of-the-art clubhouse spanning 16,000 square feet.

Moreover, the project will feature an exclusive high-street retail space, enhancing its allure for potential residents and investors alike. Set in the vibrant locale of Nirmal Nagar, Bandra East, the company has set its sights on generating a revenue of Rs 2,000 crore from this ambitious undertaking.

With this expansion, Raymond Realty solidifies its position as the fifth-largest property developer in the MMR region, having already delivered over 5,000 homes. This move underscores the company's commitment to innovation and growth in the dynamic real estate landscape of Mumbai and its environs.

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