Raymond Realty is the real estate arm of the Raymond Group, the textile and apparel major that traces its roots to 1925. Having built its residential portfolio first in Thane and then in Mumbai's Bandra and Bandra Kurla Complex micro-markets, the company has publicly stated its intent to enter Pune. Raymond's real estate arm plans to launch a housing project in Pune with a topline of around Rs 2000 crore, and it is currently scouting for a land parcel. The company 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. This price band signals a premium positioning rather than a mass-market play, which matters for how the developer is likely to select and price a South Pune location.
Raymond Realty Ltd's projects include The Address by GS in Bandra, Ten X Habitat, The Address by GS Tower A and B, Ten X Era, The Address by GS - The Grand Finale, Invictus by GS, Park Avenue, and Ten X Vibes, and the company is headquartered in Thane. 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. Operating from an initial master-planned township in Thane, Raymond Realty rapidly expanded its footprint across the Mumbai Metropolitan Region, with operations now encompassing residential communities and integrated high-street retail developments across Thane, Bandra, Bandra Kurla Complex, Wadala, Mahim, and Sion. Gautam Singhania guided the structuring of the company's residential offerings into three core brand tiers, including a Ten X Series centred on smart spatial planning and self-contained community living designed for first-time buyers and young families.
On execution, the company has leaned on speed rather than scale claims. Raymond Realty completed its maiden project, Ten X Habitat, ahead of its registered RERA timeline, and this execution model continued with The Address by GS, Thane's tallest residential tower at completion, where handovers were initiated ahead of schedule. This was accompanied by strong market absorption for the ultra-luxury Invictus by GS project on the same land parcel, and in March 2026 the company expanded its Thane footprint with the launch of Ten X District 9. Each residential cluster has typically been paired with its own retail component; Ten X Vibes serves Ten X Habitat, Park Avenue is integrated within The Address by GS, and Park Street is built into Ten X District 9. This is the operating pattern the group is expected to carry into any Pune launch: a master-planned residential core with an attached commercial or retail layer.
Raymond Realty's stated Pune price band of Rs 10,000-20,000 per sq ft points toward locations with genuine appreciation momentum and an established resident base of working professionals rather than purely speculative land. Kondhwa Budruk, in the southeastern part of Pune, fits that profile on several counts. It is a fast-developing residential area, and its popularity is rising because of its proximity to various industrial parks, IT tech offices, and several business communities. The locality is near numerous corporate areas, IT tech offices, and industrial parks, which contribute to its growing appeal.
The neighbouring NIBM Road and Kondhwa Road corridor, which Kondhwa Budruk shares infrastructure with, illustrates the employment base this location taps into. Magarpatta IT Park, home to global names such as Capgemini, HCL Technologies, Tata Elxsi, Mphasis, The Bank of New York Mellon and WNS Global Services, sits roughly 8 km away via Solapur Road. The area is also closely located to Hadapsar, one of Pune's major commercial zones with SEZs including Phursungi IT Park, Magarpatta City, and Amanora Park Town, hosting companies such as Honeywell, TCS, IBM, and Accenture. For a developer pricing homes at the upper end of the Pune market, this concentration of white-collar employers within a short commute is the underlying demand driver, more than any single amenity.
Kondhwa Budruk is well-connected to other parts of the city via Kondhwa Road, making it suitable for both residential and commercial purposes. Kondhwa Road also connects onward to the Katraj Bypass Road, part of NH 48. Its adjacent localities include Yewalewadi, Katraj, Undri, Kondhwa, and Handewadi, and the area carries the PIN code 411048. Commuting is supported by bus services, local trains, and an effective network of private cabs. A Shivajinagar-Kondhwa metro spur has also been discussed for the wider corridor, which would be a material long-term upgrade for a locality that today relies mainly on road-based transit.
Published price references for Kondhwa Budruk vary by source and by exact micro-location within the locality, but the direction is consistent. Average flat rates in Kondhwa Budruk are around Rs 6,550 per sq ft, with 1 BHK units typically priced between Rs 27.5 lakh and Rs 44 lakh, and 2 BHK units between Rs 48.6 lakh and Rs 95 lakh. Flat rates in the locality changed by 11.0% in the last one year, 23.6% over three years, 32.3% over five years, and 42.4% over ten years. Some listings platforms quote a higher current average closer to Rs 9,500 per sq ft, reflecting newer, higher-specification supply entering the micro-market. Average rental yield in the broader Pune South zone that includes Kondhwa Budruk stands at around 4.04% per annum. This combination of steady price appreciation and dependable rental demand is the kind of underlying market condition that supports premium positioning of the sort Raymond Realty has signalled for its Pune entry.
There is no confirmed Raymond Realty project in Kondhwa Budruk at present. What the locality offers is context for why a developer with Raymond Realty's brand positioning and stated Pune price band would find such a corridor relevant: employment proximity to Magarpatta and Hadapsar, road connectivity via Kondhwa Road and the Katraj Bypass, a resident mix of working professionals and families, and a price base that has shown multi-year appreciation without the saturation seen in more established IT-adjacent markets such as Kharadi or Baner. Buyers tracking Raymond Realty's Pune plans should treat this locality as one of the category of South Pune micro-markets consistent with the group's publicly stated criteria, rather than as a site with a confirmed launch.