Raymond Realty has continued its strong performance in the Mumbai market, with its premium residential project ‘The Address by GS’ topping home sales in Bandra East in the first quarter of FY25, as per IndexTap’s report. ‘The Address by GS’ achieved the highest value of units sold at Rs 291 crore and the most units sold at 96 in Central Suburbs.
In terms of units sold, ‘The Address by GS’ is ahead by more than double the next real estate project on the list, demonstrating strong market demand for the project’s luxury offerings.
Harmohan Sahni, CEO of Raymond Realty, said, “We are already among the top 10 real estate players in the country and fifth largest in MMR, in terms of turnover, in just five years since inception. Our differentiating factor is focus on certain pain points of the industry – timely delivery, quality and lifestyle, which has paid us rich dividends. We delivered our first project two years before MahaRERA deadline, which has been lauded by RERA. When we launched in Bandra, we managed to sell as many units as that micro market sells in a year and today the Bandra project is running ahead of schedule as well. This latest success reaffirms Raymond Realty's commitment to delivering exceptional residential experiences and its strategic focus on prime locations within the Mumbai Metropolitan Region.”
This commitment is evident in the company's recent expansion into the Mumbai market through strategic Joint Development Agreements (JDAs) in key locations like Bandra, Mahim, and Sion. These projects, with a combined revenue potential exceeding Rs 7,000 crore, showcase Raymond Realty's vision for growth and its dedication to meeting the evolving needs of Mumbai’s discerning homebuyers.
The project, located in Bandra East, offers a range of luxurious apartments with exceptional amenities and stunning views. ‘The Address by GS’ has been a key driver of Raymond Realty’s growth in the Mumbai market, contributing significantly to the company’s strong financial performance.
Launched in 2019, Raymond Realty has etched a spot for itself among the top 9 realty players in the country, in just 5 years, making them a force to reckon with. Their maiden project TenX Realty was completed two years before MahaRERA deadline, which is a rarety in real estate.
Raymond Realty is focussed on expanding in MMR to build upon the group’s legacy – of setting new benchmarks with customer centricity at the core. Their aim is to introduce a new standard of living that raises the bar on all fronts by straying from sectoral conventions.
