Raymond Realty’s ‘The Address by GS’ Tops Home Sales in Bandra East
Raymond Realty, the real estate arm of Raymond Group, continues to make remarkable strides in the Mumbai market. According to IndexTap’s report, their premium residential project, ‘The Address by GS,’ has emerged as the leader in home sales in Bandra East for the first quarter of FY25. With a total sales value of Rs 291 crore and 96 units sold in the Central Suburbs, ‘The Address by GS’ surpasses other real estate projects, highlighting the strong demand for luxury housing in the area.
Raymond Realty’s Rapid Growth and Success Strategies
Harmohan Sahni, CEO of Raymond Realty, acknowledges the tremendous growth the company has achieved in a short span of time. Within five years since its inception, Raymond Realty has become one of the top 10 real estate players in the country and the fifth-largest in the Mumbai Metropolitan Region (MMR) by turnover. Sahni credits the company’s success to focusing on critical industry pain points such as timely delivery, superior quality, and an enhanced lifestyle for residents.
Raymond Realty’s dedication to adhering to the RERA deadline is apparent in the early completion of their first project before the prescribed timeline. This achievement has been recognized and appreciated by RERA. In Bandra, the company has gone a step further by selling as many units as the entire micro market records in a year, surpassing the expectations of homebuyers. The Bandra project is also progressing considerably ahead of schedule. These achievements underpin Raymond Realty’s commitment to providing exceptional residential experiences and investing in prime locations within the Mumbai Metropolitan Region.
Expanding Presence and Commitment to Mumbai Homebuyers
To meet the ever-evolving needs of Mumbai’s discerning homebuyers, Raymond Realty has recently expanded its foothold in the Mumbai real estate market through strategic Joint Development Agreements (JDAs) in prominent locations like Bandra, Mahim, and Sion. These projects have a combined revenue potential that exceeds Rs 7,000 crore and exemplify Raymond Realty’s growth vision.
Located in Bandra East, ‘The Address by GS’ offers a range of luxurious apartments adorned with exceptional amenities and stunning views. This project has been a driving force behind Raymond Realty’s remarkable growth in the Mumbai market and has significantly contributed to the company’s robust financial performance.
Despite being in the industry for only five years, Raymond Realty has rapidly established itself among the top 9 realty players in the country. The completion of their first project, TenX Realty, two years before the MahaRERA deadline serves as a testament to Raymond Realty’s unparalleled commitment to timely deliveries—an uncommon practice observed in the real estate sector.
Raymond Realty not only aims to expand in the MMR region but also aims to build upon the legacy of the Raymond Group. Setting new standards with a customer-centric approach is at the heart of their strategies, as they aspire to introduce a new benchmark for living, transcending conventional expectations.
