Raymond Realty launches its Maiden Project in Mumbai

Courtesy: The Hindu Business Line
Posted on: 2024-02-21
Raymond Realty launches its Maiden Project in Mumbai

Raymond Realty, the real estate entity of Raymond Group, launched its maiden project in Mumbai. It is a luxury residential project in Bandra presenting 2BHK, 3BHK, and 4BHK apartments. While introducing 'The Address by GS, Bandra', the company estimates a potential of Rs. 2,000 crore revenue.

Raymond Realty said, "This project also promises substantial economic returns, with projections indicating a revenue generation over Rs. 2,000 crore."

The premium housing project spans 2.74 acres. Its strategic location connects residents swiftly to the Bandra-Worli sea link. More than 30 amenities at the project entice residents with an impeccable world-class lifestyle.

A state-of-the-art Clubhouse in the project layout spreads over 16,000 sq. ft. The retail space at the newly-launched project in Bandra will be a shopping extravaganza.

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 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, and the 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."

Raymond Realty presents The Address by GS Bandra in Mumbai

Raymond Realty, the sister company of Raymond Group, ventured into Mumbai's real estate market with this project. The prime location and premium amenities at The Address by GS Bandra invite nobles to experience premium living. As of now, Raymond Realty is a pivotal player in Thane's property horizon.

With stepping into India's financial capital, Raymond Realty aims to make its presence felt from its very first project.

The price value of Raymond stock marked Rs.1894 on the NSE at 12:22 pm on Wednesday.