Most developers enter a locality once. Born from the Raymond Group, a name built on enduring heritage and craftsmanship, Raymond Realty carries that same ethos into residential development, offering apartments in Mumbai and Thane since 2019. What distinguishes Raymond Realty from newer entrants in Thane is the density of its commitment to a single corridor: Pokhran Road has become the developer's de facto home ground, with multiple phases, product tiers, and scale increments all concentrated here.
In 2019, Raymond announced its venture into real estate under Raymond Realty, poised to start with an investment of approximately ₹250 crore in developing mid-income and premium housing units on 20 acres of land in the growing suburb of Thane. That initial commitment has since expanded across both Pokhran Road No. 1 and Pokhran Road No. 2, with each subsequent project moving further up the product ladder — from efficiently sized 2 BHK homes to large-format residences and, now, street-level retail through Raymond Park Avenue.
Current Raymond Realty projects active as of late 2025 include Ten X Habitat, The Address By GS, Ten X Era, The Address By GS 2, and Invictus by GS — Tower A, among others. Across Pokhran Road specifically, the developer has deployed several distinct formats:
One hallmark of Raymond Realty's execution in Thane is delivery discipline — a prior phase managed to obtain its occupancy certificate two years ahead of the RERA deadline, reflecting the developer's commitment to on-time construction.
Raymond Realty is born from the iconic Raymond Group, known for its enduring heritage and craftsmanship. The Raymond Group was established initially as a small woolen mill near Thane Creek in 1925 — a detail that gives the developer a genuine, century-old connection to the city where it now builds. Raymond Realty is the real estate division of Raymond Limited, a renowned Indian conglomerate with a rich heritage in textiles and lifestyle, which leveraged its expertise and brand reputation to expand into premium residential and commercial properties.
Raymond Realty has received the Iconic Residential Developer of the Year award at the Times Real Estate Awards, and the Economic Times Real Estate Awards recognised it as Emerging Developer of the Year. Raymond Realty listed on BSE in July 2025, debuting at ₹1,005 per share with a gain of nearly 5%, marking a new phase of transparency as a publicly listed real estate company.
Raymond Realty has developed projects across Ahmedabad, Bengaluru, Mumbai City, Mumbai Suburban, Pune, and Thane, with notable developments including Raymond The Address By GS in Sion, Raymond The Address By GS in Wadala East, and Raymond Ten X District 9 on Pokhran Road.
Pokhran Road No. 2 is one of Thane West's most established and consistently performing residential corridors — neither speculative nor over-commercialised, representing a rare balance of strong connectivity, mature social infrastructure, and stable end-user demand. Pokhran Road No. 1, where several Raymond projects sit, shares these fundamentals while hosting newer developments on larger land parcels.
Raymond projects on Pokhran Road enjoy proximity to major arterial roads including the Eastern Express Highway, Ghodbunder Road, and the Mumbai–Nashik Highway. For residents at projects like Raymond The Address, Thane Ghodbunder Road is approximately 1.5 km away and the Eastern Express Highway is approximately 1.3 km away. For rail commuters, Thane Station is around 3 km from the Pokhran Road cluster.
The single biggest infrastructure development affecting Raymond buyers here is the upcoming metro. The physical infrastructure for Metro Line 4 (Wadala–Kasarvadavali) is now fully visible across large stretches of Thane West, with viaducts and stations forming a prominent part of the urban landscape; trial runs on completed sections have commenced, indicating steady progress toward phased commissioning. Cadbury Junction — walkable from Raymond's Pokhran Road cluster — is adjacent to the future Metro Line 4 station.
Education options near Raymond's Pokhran Road projects include Mahatma Gandhi School, Tilak International School, and Reinxavior English High School; healthcare is served by Swayam Hospitals, Jupiter Hospital, and Bethany Hospital; shopping includes Metro Junction Mall, Cinepolis, D-Mart, and Reliance Smart Point. Schools including Smt. Sunitidevi Singhania School and Smt. Sulochanadevi Singhania School are within a 5-minute radius, and C.P. Goenka International School is approximately 12 minutes away.
The locale is also known for its proximity to Upvan Lake, Sanjay Gandhi National Park, and the Yeoor Hills, offering a quieter residential environment with accessible greenery.
Property prices on Pokhran Road have appreciated 52.90% over the last ten years; within the last year alone, the locality recorded 17% price appreciation, and the three-year appreciation stands at around 27%. The Thane region experienced an increase of approximately 9% in property prices in recent years, with rental yields averaging around 4%. Raymond's own projects sit at the upper end of this market: active listings at Raymond The Address on Pokhran Road No. 2 are priced at approximately ₹24,050 per sq. ft.
Among Thane West localities, Pokhran Road No. 2 shows stronger year-on-year appreciation than most sub-markets. The 2 BHK segment remains the most actively transacted, largely driven by families upgrading within Thane, with rental demand steady and family-oriented, resulting in longer tenancy cycles and lower vacancy risk.
Raymond Park Street is the latest chapter in Raymond Realty's systematic buildout of the Pokhran Road corridor. For buyers who have watched the developer's earlier phases here — from the 14-acre Ten X Habitat gated community to the 19.13-acre The Address By GS township — Park Street represents a continuation of the same developer's judgment about where Thane's residential demand is heading. The Pokhran Road region is witnessing the establishment of IT parks, business centres, retail spaces, and educational and healthcare institutions, contributing to employment generation and making Pokhran a self-sufficient neighbourhood. A developer of Raymond Realty's scale, with MahaRERA-registered projects and a BSE listing as of July 2025, choosing to add another project to this corridor is itself a signal about long-term confidence in the micro-market.