Raymond Realty Targets Rs 5,000 Cr From Mumbai Luxury Homes

Raymond Realty has announced its newest luxury residential project, The Address by GS, in Wadala, Mumbai. This move shows they're really focusing on high-end homes and growing without sinking tons of money into new assets.

The project covers 5.62 acres and should bring in around Rs 5,000 crore, a big win for Raymond Realty's Mumbai expansion. While details such as the total number of apartments and overall project cost have not been disclosed, this launch proves Raymond Realty is sure there will always be a market for nice homes in good city spots.

Key Highlights

• Raymond Realty launches Wadala luxury project targeting Rs 5,000 crore
• 5.62-acre development expands its premium Mumbai footprint
• Project strengthens asset-light growth strategy

The Wadala's location and better roads make it a prime spot for growth in the Mumbai area.

Harmohan Sahni, CEO, Raymond Realty, stated, “This project makes our long-term plans even better and backs up our plan to grow without tying up a lot of assets. Basically, we’re looking to team up with others and use land they already have to grow bigger while being smart about money.”

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Raymond Realty, which is part of the bigger Raymond Group, got into real estate in 2019. Since then, they've made a name for themselves with homes and businesses in and around Mumbai. They're all about stylish, community-focused places, and they want to keep growing in India's toughest property markets.

The launch of The Address by GS aligns with Raymond Realty's goal of getting more involved in fast-growing city areas. They're trying to create more growing demand for modern homes.