Raymond Realty carries the Raymond Group name into construction. Since 1925, Raymond has stood for craftsmanship that lasts generations — and today, Raymond Realty carries that legacy forward as a luxury real estate developer in Mumbai and Thane. The homebuilding business was formalised as an independent listed company in 2024, when Raymond announced the vertical demerger of its Real Estate Business into its wholly owned subsidiary, Raymond Realty (RRL).
The company's project history begins on its own Thane land. 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. Execution speed became an early differentiator: it delivered first three towers of the Ten X Habitat project, two years ahead of the RERA timeline. From that Thane base, the developer has since moved outward — it made its debut in the real estate sector with the launch of a project in Thane near Mumbai in 2019, followed by a project launch in Mumbai called the Address By GS in Bandra, and more recently the Bandra East redevelopment, which marks Raymond Realty's fourth project in Mumbai.
Pune is the next city the company has publicly flagged. Raymond Realty plans to launch a housing project in Pune with a topline of around Rs 2000 crore, and at the time the plan was disclosed it was currently scouting for a land parcel. The price positioning the company has stated for the city is telling: it plans to focus on the Pune real estate market where homes can be sold in the price range of Rs 10,000 to Rs 20,000 per sq-ft. That band sits inside the range already commanded by Pune's established IT-led western corridor, of which Hinjewadi is the anchor — making it exactly the kind of micro-market a developer entering Pune at that price point would need to be present in or adjacent to.
Hinjewadi's pull is employment-led rather than speculative. Over 70,000 people find jobs at the Hinjewadi IT Park, with global software companies like Wipro, TCS, Infosys, IBM and Cognizant anchoring the Rajiv Gandhi Infotech Park campus. That scale of daily commuting demand is what has historically pulled national developers — and now a heritage brand like Raymond — toward this stretch of Pune rather than the older core city.
Hinjewadi's residential rates have moved with its IT growth. Property prices in Hinjewadi have grown 15% YoY, with the average now around ₹8,200 per sq ft, and depending on phase and micro-location, rates range from ₹5,500 to ₹12,050 per sq ft. That spread across three phases means a developer entering the locality has room to launch at multiple price points without competing purely on discount.
Connectivity is the other pillar. The area is served by Hinjewadi-Wakad Road, the Mumbai-Bengaluru Highway (NH-48), and Hinjewadi-Kasarsai Road, and the transit picture is improving fast: Pune Metro Line 3, connecting Hinjewadi to Shivajinagar, is 95% ready and expected to go live by March 2026. For a buyer weighing a Raymond-branded home in this corridor, that metro timeline is a concrete, dated reason the locality's fundamentals are still strengthening rather than plateauing.
Buyers evaluating any developer's entry into a new city look at whether the parent has the capital to deliver at scale. Raymond Realty's numbers suggest it does. Its portfolio GDV stands at Rs 52,000 crore, built on strategic land and joint-development agreements. On the operating side, the company reported Q1 FY27 revenue of INR 536 crore, up 37% year-on-year, with EBITDA rising 70% to INR 70 crore. Much of this growth comes from a model the company has deliberately scaled up: alongside its owned Thane land bank, it has been steadily building an asset-light model through joint development agreements, and it now runs four JDA projects across Mumbai and Thane. That combination of an owned land bank and a growing JDA pipeline is the same playbook a Pune entry — Hinjewadi included — would likely draw on.
For a homebuyer in this corridor, the relevance of Raymond Realty is less about a single project and more about what the name signals when it does arrive: a listed developer with a documented history of early handovers in Thane, a stated price band for Pune that matches Hinjewadi's own trading range, and balance-sheet scale built on both owned land and joint-development partnerships. As Hinjewadi's metro line nears completion and its IT employment base continues to expand, it remains one of the corridors best aligned with the price point and profile Raymond Realty has publicly committed to for its Pune entry.