Raymond Realty entered Mumbai's residential market in 2019, and its first significant city foray was not in South Mumbai or Worli — it was Bandra East. Launched in 2019, Raymond Realty rapidly became one of the five largest developers in the Mumbai Metropolitan Region by FY 2024–25 revenue. Choosing Bandra East as a beachhead was deliberate: the locality sits at the geographic midpoint between BKC's corporate density and Bandra West's lifestyle premium, giving a developer room to price at a meaningful scale while drawing from both demand pools.
The flagship project, The Address by GS Bandra, is set in Bandra East with an estimated development value exceeding ₹2,000 crore, spread across 2.74 acres. That figure — for a single project in this sub-locality — signals the seriousness of Raymond Realty's commitment here, not a one-off opportunistic launch.
Raymond Realty is the real estate arm of the Raymond Group, which was established in 1925, with the realty business itself founded in 2019. The parent group's century-old brand equity in quality and craftsmanship translates into a specific kind of buyer confidence in a market like Bandra East, where established names such as Rustomjee, Kalpataru, and Adani Realty already operate. Between FY20 and FY25, Raymond Realty achieved a 45 per cent compounded annual growth rate in bookings and 55 per cent in collections.
Execution discipline is a measurable differentiator. Even through the pandemic, Raymond Realty handed over homes up to two years ahead of RERA timelines, setting a new benchmark for execution in the MMR. For buyers purchasing under-construction homes in a market where delays are a recurring concern, that track record carries weight. The company has been recognised as Emerging Developer of the Year at the Economic Times Real Estate Awards.
Raymond The Address by GS is a landmark residential project by Raymond Realty, strategically located in Bandra East, Mumbai. It features spacious 2, 3, and 4 BHK residences, priced between ₹3.04 crore and ₹7.00 crore, reflecting premium positioning within Mumbai's Western Suburbs.
There are 810 homes planned within the development, across four residential towers that rise to 23 storeys each. Only four apartments are placed on every floor, keeping movement limited and privacy intact. That low-density floor plate — four homes per floor across towers of this height — is an uncommon configuration for the price band and distinguishes the project from higher-density mid-market towers common in the locality.
The unit mix is deliberately broad. The project is located on the Western Express Highway in Nirmal Nagar, Bandra East, with the Western Express Highway just 140 metres away, Link Square Mall 2.2 km away, and Bandra Railway Station 3.1 km away. The towers are thoughtfully positioned so that no apartments face each other, ensuring a lifetime of open views for every home.
In terms of specifications, Raymond The Address by GS offers amenities including a gymnasium, swimming pool, power backup, treated water supply, 24x7 security, CCTV surveillance, café, mini theatre, rainwater harvesting, and sewage treatment plant. The inclusion of a business centre and a dedicated senior citizen area within the amenity stack reflects a product planned for multi-generational families — a buyer profile common in Bandra East's professional-household segment.
The project carries MahaRERA registration numbers P51800054847, P51800054846, and P51800054828.
The Address by GS was not Raymond Realty's only move in this locality. In June 2024, the developer secured a second, significant assignment here. Raymond Realty announced it had been selected for the redevelopment of MIG VI CHS Ltd situated in Bandra East, winning the mandate with 100% votes by the society members. The project is estimated to generate revenue of more than ₹2,000 crore over the project period.
Raymond MIG Bandra is a premium residential redevelopment project by Raymond Realty, built on a 2.7-acre land parcel with five towers that once housed the iconic MIG VI CHS, bringing spacious 3 and 4 BHK homes designed for modern city living. Two major projects, two separate sites, both within Bandra East — this constitutes a genuine micro-market commitment, not a single-project presence. This expansion is in line with the company's aggressive growth plans for the Mumbai Metropolitan Region; previously, Raymond Realty had signed three joint development agreements in Mahim, Sion, and Bandra with an estimated development value of over ₹5,000 crore.
Bandra East has seen rapid transformation driven by proximity to BKC, stronger infrastructure, and modern gated communities, making it attractive for professionals and executives. The practical calculus for a buyer choosing Raymond Realty here begins with the road and rail network. The Western Express Highway — Raymond The Address by GS sits 140 metres from it — connects directly north towards the airport and south toward the Bandra-Worli Sea Link. The nearest train station, Mumbai Bandra Terminus, is 1.14 km away, and Chhatrapati Shivaji Maharaj International Airport is 2.59 km away.
Metro connectivity adds another dimension. The operational Mumbai Metro Line 3 (Aqua Line) and Line 2B (Yellow Line) significantly improve intra-city travel in this corridor. For buyers who work in BKC, the metro lines reduce dependence on car commuting — a meaningful lifestyle consideration when the alternative is the Western Express Highway at peak hours.
Social infrastructure within reach of Raymond's Bandra East sites is substantive. The location benefits from proximity to Ascend International School, Jio World Drive, and the Maharashtra Nature Park, alongside Swami Vivekanand Road and the Western Express Highway. Key landmarks nearby include Cardinal Gracias High School, the University of Mumbai, and Zen Multi Speciality Hospital.
Bandra East's residential market spans a significant price range depending on age of stock, proximity to BKC, and developer brand. The average transaction rate for a flat in Bandra East stands at approximately ₹50,401 per sq ft, though newer gated projects from branded developers command meaningfully higher rates. Property prices in Bandra East have moved 8.6% in the past year, 44.6% over three years, and 22.9% over five years.
Bandra East offers strong rental yields of approximately 5%, driven by modern gated communities and proximity to BKC. For buyers considering Raymond The Address by GS as an investment rather than a self-use purchase, that yield benchmark — against an asset in a market posting consistent price appreciation — frames the investment case.
The broader context: Raymond Realty holds a gross development pipeline topping ₹40,000 crore, with a strategically held land bank of more than 100 acres and a net-cash balance sheet. A developer at that scale, deploying capital specifically into Bandra East through multiple projects, is a market signal in itself — one that reinforces the locality's continuing relevance for premium residential demand.