• REAL ESTATE

Raymond Realty rapidly expands its presence in Thane with the launch of its fourth project

• nationalherald
• July 28, 2023

by Prashant Kapadia/NHN

• The total RERA carpet area of the newly launched project is about 9,40,000 square feet with a revenue potential of over Rs 2,000 crores –

• New project launch will take total RERA carpet area under development in Thane through the 4 projects is about 4 million square feet

• Having sold over 80 percent of the inventory, the latest project Address by GS 2.0 has been launched for public

• After the phenomenal success of the first phase of Address by GS, Raymond Realty unveiled The Address by GS 2.0

• The first phase of maiden project TenX Habitat was delivered 2 years ahead of RERA timelines

• The first phase of this project, The Address by GS, has sold over 480 units since its launch

• Address by GS 2.0 offers exquisite 3, 4, 5, and 6 BHK apartments with the latest amenities

Mumbai, July 28, 2023 – Raymond Realty, the real estate arm of Raymond has expanded its presence in Thane market with the launch of its fourth project Address by GS 2.0. Having received unprecedented success in its first three projects, the launch of The Address by GS 2.0 showcases the soaring popularity of Raymond Realty as real estate developer in the MMR region. After the successful launch of first phase of The Address by GS and the recent handover of the first phase of TenX Habitat, Raymond Realty is emerging as a strong player in the real estate segment.

Speaking about the latest venture of Raymond Realty, Harmohan Sahni, CEO Raymond Realty said; “The Address by GS 2.0 is testimony to the surging popularity of Raymond Realty in Thane region. Having delivered our maiden project 2 years ahead of RERA timelines, this is yet another finest creation that is poised to set new benchmarks in the field of construction. The overwhelming success of our first edition of The Address by GS has fueled our passion to create homes that resonate with the aspirations of a new age India.”

Raymond Realty’s maiden project was TenX Habitat – an ‘aspirational district’ spread across 14 acres housing in Thane with 3,100 residential units, followed by The Address by GS. The business set a new benchmark in the real estate sector in India by delivering the first three towers of the Ten X Habitat project, two years ahead of the RERA timeline. In February 2023, Raymond Realty launched its third project, Ten X Era, in Thane and received an overwhelming response from the customers. It has received about 100 bookings within seven days of the launch, with an overall ~25% of the launched inventory being sold within a period of two months. This performance reaffirms customers’ confidence and acceptance of their high-quality product, coupled with the fast-paced construction momentum in the ongoing project. The total value of the bookings for the three projects amounted to over Rs1,600 crore during FY23.

The latest launch Address by GS 2.0 promises to uphold Raymond Realty’s conviction to Go Beyond all conventions in the real estate space. Nestled in a prime location, it presents exclusive tower-level amenities that epitomise luxury and convenience. Complementing the lavish interiors with modern amenities is a three-acre Roman-inspired landscaped podium, artfully designed to provide residents a serene oasis in the midst of bustling city. Residents will be able to experience holistic living as the premises will have wellness centers, clubhouse with latest amenities spread across 25,000 sq. ft and a 70,000 sq. ft high-street retail space.