Raymond Realty's residential project, 'The Address by GS,' led home sales in Bandra East during Q1 FY25, achieving INR 291 crore in sales and 96 units sold, more than double the next highest project. CEO Harmohan Sahni credits this success to the company's emphasis on timely delivery and high quality, underscored by their early completion of a previous project. With new Joint Development Agreements (JDAs) in premium Mumbai areas and a revenue potential of over INR 7,000 crore, Raymond Realty's expansion and focus on luxury have solidified its position among India's top real estate players.
Raymond Realty's residential project, 'The Address by GS,' has emerged as the leading home sales performer in Bandra East for the first quarter of FY25, according to IndexTap. The project not only recorded the highest sales value at INR 291 crore but also achieved the highest number of units sold, totaling 96. This performance is more than double that of the next highest project, reflecting strong demand for luxury residences in Central Suburbs.
CEO Harmohan Sahni attributed this success to Raymond Realty's focus on addressing key industry issues such as timely delivery and quality. Sahni highlighted that their commitment to meeting deadlines and maintaining high standards has distinguished them. They completed their first project two years ahead of the MahaRERA deadline, which was positively recognised by RERA.
The company's strategy of launching premium projects in high-demand areas is evident in their recent activities. Raymond Realty is expanding its footprint in Mumbai through Joint Development Agreements (JDAs) in sought-after locations like Bandra, Mahim, and Sion. These projects, with a combined revenue potential of over INR 7,000 crore, reflect the company's ambitious growth plans.
'The Address by GS' is notable for its luxurious offerings and premium amenities, contributing significantly to Raymond Realty's strong market position. Launched in 2019, Raymond Realty has quickly risen to become one of the top real estate players in India, now ranked among the top 9 in the country.
In conclusion, Raymond Realty's impressive performance with 'The Address by GS' highlights its successful strategy of focusing on prime locations and delivering high-quality residential projects. The company's continued expansion and commitment to excellence position it as a major player in Mumbai's real estate market, setting new standards in the industry.
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