Raymond Realty Eyes Rs 5,000 Cr Revenue From Mumbai Luxury Housing Project

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AuthorKavya Nair|Published at:
Raymond Realty Eyes Rs 5,000 Cr Revenue From Mumbai Luxury Housing Project
Overview

Raymond Realty has unveiled a new luxury housing project, 'The Address by GS' in Wadala, Mumbai. The development is projected to generate Rs 5,000 crore in revenue. This move bolsters the company's Mumbai footprint and asset-light expansion model, though specific financial details like project cost are not yet public.

The developer anticipates a substantial revenue stream of Rs 5,000 crore from the 5.62-acre development. While the total number of apartments and the specific project cost remain undisclosed, the company has officially launched 'The Address by GS' in Wadala.

Raymond Realty CEO Harmohan Sahni highlighted the project's role in expanding the company's Mumbai market presence. He stated that the development "significantly strengthens our long-term value creation pipeline, while reinforcing our asset-light expansion model." This strategy focuses on leveraging partnerships and existing land banks to minimize upfront capital expenditure.

Raymond Realty, a division of the diversified Raymond Group, has been active in the real estate sector since 2019. It has established a notable footprint across the Mumbai Metropolitan Region, developing both residential and commercial properties. This new luxury venture in Wadala marks a significant step in its continued expansion plans within one of India's most competitive property markets.

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