Raymond Realty is not a Pune-born developer, and it does not pretend to be. Its relevance to a locality like Kharadi comes from a deliberate, publicly stated strategy: the company, the real estate arm of the Raymond Group, plans to launch a housing project in Pune with a topline of around Rs 2000 crore and is currently scouting for a land parcel. That plan comes with a specific pricing intent, with the developer expected 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. Kharadi, Pune's most IT-dense eastern suburb, sits squarely inside that band, which is why the locality features prominently in any discussion of Raymond Realty's Pune-facing plans.
Raymond's real estate credibility is borrowed from a much older business. Its renowned clothing company Raymond Group, which was established in 1925, only entered real estate formally when Raymond Realty was founded in 2019. The company's first ground was in Thane, where it built on an 100+ acre land parcel in Thane to launch well-positioned residential offerings, and it has since rapidly expanded its footprint across the Mumbai Metropolitan Region, with operations now encompassing residential communities and integrated high-street retail developments across key micro-markets, including Thane, Bandra, Bandra Kurla Complex, Wadala, Mahim, and Sion. To manage this spread of geographies and buyer profiles, the company organised its portfolio into distinct tiers: a Ten X Series centred on smart spatial planning, integrated amenities, and self-contained community living designed for first-time buyers and young families, and The Address by GS, a premium residential brand characterized by larger spatial proportions, upgraded architectural specifications, and elevated urban living for mid-to-upper-tier buyers, alongside the ultra-luxury Invictus by GS line. This tiered approach is the lens through which any Pune move, including one aimed at Kharadi, should be read: a locality with a young, salaried, IT-driven population maps naturally to the Ten X positioning, while Kharadi's premium micro-pockets could just as easily support an Address-by-GS-style format.
Kharadi's transformation from an eastern suburb into Pune's largest single IT catchment is the reason developers scouting the city keep circling back to it. The locality is anchored by EON IT Park, spanning approximately 5 million square feet across multiple towers on Kharadi Bypass Road, one of Pune's largest IT parks, housing global tenants including Citibank, Wipro, Cognizant, and numerous mid-sized technology firms, and employing an estimated 60,000-70,000 professionals, a substantial percentage of whom seek residential accommodation within a 5-7 km radius. Beyond EON, the broader office base is larger still: Kharadi has grown into Pune's premier IT hub with over 11 million sq ft of office space, with tenants that also include large companies such as TCS, Wipro, Cognizant, and Mphasis and, per other market trackers, BFSI names such as Credit Suisse, Barclays and Citicorp. This is precisely the demand base — salaried, IT-and-BFSI-employed, largely first-time or upgrading buyers — that Raymond Realty's Ten X format was built to serve elsewhere in the MMR, which is what makes a Pune entry through an east-Pune, IT-corridor locality a logical extension of the existing playbook rather than a departure from it.
Kharadi's pricing already sits inside the band Raymond Realty has indicated for its Pune entry. Resale values in 2026 average between ₹10,151 and ₹11,061 per sq. ft., while different sub-pockets of the wider Kharadi-EON corridor range more broadly, with one market read placing rates at ₹8,500–12,000/sqft in the immediate EON belt and considerably higher in the more established, restaurant-and-café-dense pockets closer to Kalyani Nagar. Annual appreciation has been running at 8–10% annually, and rental yields are quoted at between 3.5–4% by one tracker and up to 4.5% by another, reflecting the depth of the tenant pool feeding off EON and the World Trade Centre campus. Supply discipline has also improved: as of Q4 2025, unsold inventory in Kharadi had declined to approximately 14–18 months of absorption, compared to the Pune-wide average of 22–24 months, a tighter figure than many other Pune micro-markets, which matters to any developer weighing where in the city to deploy capital.
Kharadi is no longer dependent on road access alone. The Pune Metro's Aqua Line already runs to a Kharadi Bypass station on the Vanaz-Ramwadi corridor, and the next phase of expansion is now formally sanctioned: the Union Cabinet has approved a Pune Metro Rail Project Phase-2, Ramwadi to Wagholi/Vitthalwadi corridor, spanning 12.75 km and including 13 stations, connecting fast-developing suburbs such as Chandani Chowk, Bavdhan, Kothrud, Kharadi, and Wagholi, at an estimated project cost of Rs. 3626.24 crore, with the project scheduled for completion within four years. A separate, second Phase-2 corridor connecting Khadakwasla, Swargate, Hadapsar and Kharadi via 22 elevated stations has also been cleared, giving Kharadi two future metro links in addition to the airport-adjacent road network it already relies on. For a developer pricing homes for salaried IT and BFSI buyers, this kind of committed public transit pipeline is a direct input into product planning, not a marketing footnote.
None of this should be mistaken for a confirmed, on-ground Raymond Realty project in Kharadi today. What is verifiable is the developer's stated intent to enter Pune at a specific price point and topline, and Kharadi's fundamentals — office stock, employment base, price band, absorption pace and metro pipeline — make it one of the few Pune localities that fit that stated intent point for point. Buyers tracking Raymond Realty's Pune plans should treat Kharadi as a locality the brand's own criteria point toward, backed by the same execution discipline it has applied in Thane and across the MMR, rather than as a market it has yet to explain any interest in.