Born from the Raymond Group's century of craftsmanship, Raymond Realty has been envisioning residential spaces since 2019, carrying that same ethos of material quality and precise execution into brick-and-mortar. Launched in 2019, the company has grown in a short span to become one of the five largest developers in the Mumbai Metropolitan Region by FY 2024–25 revenue. Its move into Chembur is deliberate and structured: Raymond Realty has formed a wholly owned subsidiary, Chembur Realty Limited, to strengthen its presence in Mumbai's Chembur region and focus on redevelopment opportunities, while minimising project-specific risks and enhancing long-term growth potential.
Chembur Realty Limited was officially incorporated on October 29, 2025, signalling that the developer is treating this geography not as a one-off launch but as a sustained operational base. Through this new unit, the company plans to channel its expertise into redevelopment projects and establish a stronger foothold in the Chembur area, which has shown promising potential for redevelopment-led growth.
Chembur, celebrated for its seamless connectivity, cosmopolitan character, and green pockets, is the setting for Raymond Chembur — a gated community of 2, 3, and 4 BHK apartments, strategically located near the Eastern Express Highway, the Eastern Freeway, and Chembur railway station.
The configuration range is meaningful. The premium gated community comprises 2, 3, and 4 BHK apartments with thoughtful plans and ample spaces — apartments offering unobstructed views and ventilation, with intricate interiors, branded CP fittings, and quality finishes. The design deploys spacious balconies, floor-to-ceiling windows, and Vaastu-compliant layouts to maximise natural light and ventilation.
On amenities, the community provides a swimming pool, kids' play area, spa, gymnasium, walking path, multipurpose hall, multipurpose sports court, and indoor games, among other facilities. The surrounding social infrastructure is equally developed: the neighbourhood boasts solid infrastructure and smooth connectivity, with Ryan International School, St. Gregorios High School, JBCN International School, The Green Acres Academy, Zen Multispeciality Hospital, Joy Hospital, K Star Mall, Cubic Mall, and other institutions in the vicinity.
Raymond Realty's track record has been built largely in Thane, where the company holds a 100-acre land bank, with 40 acres under active development and 60 acres reserved for future projects. Between FY20 and FY25, Raymond Realty achieved a 45% compounded annual growth rate in bookings, 55% in collections, and 67% in revenue. Even through the pandemic period, the company handed over homes up to two years ahead of RERA timelines. That execution record is directly relevant for buyers in Chembur, where the developer is now replicating its model through a dedicated subsidiary.
Chembur itself has undergone a structural shift in market positioning. A few years ago, a flat in Chembur East could be bought for around ₹18,000–₹20,000 per sq ft; today, premium pockets are touching ₹32,000 per sq ft. Flat rates in Chembur have changed by approximately 23.2% over the last five years and 9.9% over the last three years. Chembur and Wadala remain preferred for mid-premium housing due to reduced travel time enabled by the Coastal Road and Metro Line 2B.
The price point is also competitive within the Mumbai context. Chembur offers property rates that are 25–40% lower than comparable localities in the western suburbs like Bandra East, Khar, or Santacruz, while delivering equivalent or superior connectivity to BKC and South Mumbai.
Chembur's connectivity stack is unusually multi-modal for an eastern suburb. The suburb offers direct access to BKC, Lower Parel, and South Mumbai; the Eastern Freeway, Santacruz–Chembur Link Road (SCLR), and the Mumbai Monorail collectively underpin that accessibility. Chhatrapati Shivaji Maharaj International Airport sits approximately 4.32 kilometres from the locality.
Five infrastructure triggers are pushing Chembur property prices higher: Metro Line 2B, Atal Setu (MTHL), SCLR, Eastern Freeway, and the BKC Connector. Mumbai Metro Line 2B, connecting DN Nagar to Mandale via Chembur, provides a direct, traffic-free corridor to the western suburbs and onward metro connections. The Mumbai Monorail connects Chembur to Jacob's Circle near Lower Parel, giving residents access to one of Mumbai's largest commercial and retail hubs through an entirely dedicated transit corridor free from road traffic.
Industry experts project a further 15–20% price appreciation once Metro Line 2B Phase 1 goes fully live. For a buyer choosing Raymond Chembur at the current stage of the project cycle, that infrastructure runway is a meaningful part of the long-term value equation.
Chembur is part of a wider expansion strategy by Raymond Realty beyond its core Thane base. The company has signed six Joint Development Agreements across Mumbai, including Bandra, Sion, Mahim, and Wadala. The company's revenue pipeline is nearing ₹40,000 crore, including ₹25,000 crore from its Thane land holdings and ₹14,000 crore from JDA-based developments across the MMR.
Raymond Realty's portfolio spans township-scale developments and luxury high-rises; besides the ultra-luxury Invictus by GS in BKC/Bandra East, the company is advancing major developments in Thane including TenX Habitat, The Address by GS, and TenX Era. Chembur, with its own dedicated subsidiary and a project already in the market, sits as a distinct node in that expanding network — not a peripheral experiment but a structured geographic commitment.
Raymond Realty was demerged from Raymond Ltd on May 14, 2025, and listed independently on the BSE and NSE on July 1, 2025, making it a standalone, publicly accountable entity. In Q1 FY27, pre-sales rose 129% to ₹700 crore, with collections increasing 47% to ₹550 crore, reflecting strong market demand across its active project pipeline.
Active development zones such as Chembur and Wadala are reshaping the city's skyline, with developers focusing on design quality and faster delivery. Chembur has limited raw land available for greenfield development; new supply is largely driven by redevelopment of older housing societies, which tends to maintain price floors even in softer market cycles. Raymond Realty's formation of Chembur Realty Limited is explicitly oriented toward this redevelopment pipeline. Mumbai's property market has identified redevelopment as a key growth driver, and Chembur, in particular, has attracted attention due to its connectivity, social infrastructure, and potential for modern redevelopment projects.
