Stock Report

Raymond Realty launches its first project in Mumbai

Posted On : 2024-02-20 15:07:34( TIMEZONE : IST )

Raymond Realty launches its first project in Mumbai

Raymond Realty, the real estate arm of Raymond Group today announced the launch of its first project outside Thane 'The Address by GS, Bandra'. This strategic move followed the company's plan for expansion beyond Thane through joint development agreements (JDAs) in MMR region. As the name suggests, this development is inspired by the tremendous success of its Thane's flagship project 'The Address by GS' which has emerged as Thane's bestseller in premium category and is set to be delivered two years ahead of its timeline.

'The Address by GS, Bandra' project spreads over an area of 2.74 acres, offering the finest gated community in Bandra East with excellent connectivity to prime locations like Bandra-Kurla Complex, Bandra-Worli Sea link along with the rest of the city. The project will offer a diverse mix of 2, 3, and 4 BHK apartments along with 30 world class amenities including a 16000 square feet state-of-the-art clubhouse. Additionally, the residential project will have an exclusive high-street retail space amongst other amenities that aim to provide residents with an excellent living experience. This project also promises substantial economic returns, with projections indicating a revenue generation over ₹ 2000 crore.

Speaking about this new project in MMR region, Gautam Hari Singhania, Chairman and Managing Director, Raymond Group said; "The Address by GS, Bandra is a significant milestone in our growth journey as this is our first project beyond Thane. This project aims to provide the joy of luxury living in a gated community with world class amenities in a prime location like Bandra East which also provides excellent connectivity to locations like BKC, domestic and international airports. In addition to the success of our previous projects, The Address by GS, Bandra will further expand and solidify our commitment to provide premium living spaces that exceed the expectations of our discerning customers."

One of the standout features of 'The Address by GS, Bandra' is its location close to the Western Express Highway. Situated at Nirmal Nagar, Bandra East, the project ensures excellent connectivity to BKC, the iconic Bandra-Worli sea link, the international and domestic airports along with the rest of Mumbai, which makes it an ideal choice for those seeking a harmonious blend of convenience and accessibility. Apart from its prime location, the project will boast gated communities with finest amenities and towers that are inspired by Portuguese architecture, offering a unique blend of modern comforts and timeless design aesthetics that reflects the brand's dedication to provide an excellent lifestyle.

Today, Raymond Realty stands as a success story in the bustling real estate landscape of Mumbai Metropolitan Region. With over 5000 homes developed with an unwavering commitment to excellence, the brand has earned its position as the 5th largest real estate developer in the MMR region. Furthermore, the company has achieved 25% share in the micro market in Thane, which has made it one of the top choices for discerning homebuyers. Additionally, the company's premium offering, 'The Address by GS,' has emerged as Thane's bestseller in premium category which is a testament to the dedication to deliver unparalleled quality and luxury. The company remains steadfast in its pursuit of customer satisfaction and timelines set for delivering projects. In its previous project, Ten X Habitat, the business had set a new benchmark in the real estate sector in India by delivering the first three towers two years ahead of the RERA timeline. Continuing the same commitment of delivering projects beforehand, the company is all set to deliver its Thane's flagship project 'The Address by GS' by 10th December 2025, once again two years ahead of its set timeline.

Shares of Raymond Limited was last trading in BSE at Rs. 1763.75 as compared to the previous close of Rs. 1768.65. The total number of shares traded during the day was 3381 in over 418 trades.

The stock hit an intraday high of Rs. 1786.00 and intraday low of 1756.60. The net turnover during the day was Rs. 5983512.00.

Source : Equity Bulls


Raymond INE301A01014 RaymondRealty FirstProject TheAddressbyGS Bandra