Raymond Realty is the real estate arm of Raymond Group, which was established in 1925. Founded formally in 2019, the Thane-based developer set out to push expectations on construction quality, design, and timely delivery. The starting point was not a speculative land bet — Raymond forayed into real estate in April 2019 by starting with a 14-acre residential project in Thane, which aimed to deliver 3,000 apartments in its first phase. That original land in Thane was the group's own former factory site, and Raymond Realty's land bank is spread across an area of 100 acres in Thane on factory land that was shut over a decade back; since 2019, the company has been monetising the land bank by constructing residential units on it.
Capitalising on its brand value and crucial land assets, Raymond Realty launched in 2019 and, in a short duration, became one of the five largest developers in the Mumbai Metropolitan Region by FY 2024-25 revenue. Between FY20 and FY25, it achieved a 45 per cent compounded annual growth rate in bookings, 55 per cent in collections, 67 per cent in revenue, and 101 per cent in operating profit. Raymond Realty has established itself as one of the top 10 real estate companies in India, becoming the only one to complete its first project two years ahead of the RERA timeline.
Since 2019, Raymond Realty has built a strong presence in Thane and Mumbai, with a current portfolio carrying a gross development value close to Rs 400 billion; projects worth Rs 105 billion are already on the market, with the balance scheduled for phased release. The developer has since expanded beyond Thane into Bandra, Mahim, and Wadala through joint-development agreements, having also undertaken redevelopment projects in Mumbai's Bandra, Sion and Mahim areas. The launches coincide with the demerger of the property arm from Raymond Ltd; Raymond Realty will list independently, allowing the parent to focus solely on engineering.
Thane West is not one of many markets for Raymond Realty — it is the market where the developer has concentrated its deepest land bank, most mature projects, and strongest delivery track record. Flagship residential landmarks are situated in prime zones including Ram Mandir Road, Bhaskar Colony, Naupada, and the prestigious Pokhran Road.
Besides its landmark ultra-luxury project Invictus by GS in BKC/Bandra East, the company continues to advance several major developments in suburbs like Thane — including TenX Habitat, The Address by GS (and its subsequent phases), and TenX Era. Across the Pokhran Road corridor, each Raymond project targets a distinct price band and buyer profile:
The Address by GS 3.0 is a luxury residential project by Raymond Realty — part of the Raymond Group — located on Pokhran Road No. 1, Thane. Spread across 12 acres with 5 towers of 40 floors each, the project offers premium 3 BHK and 4.5 BHK apartments from 1,050 sq ft to 1,928 sq ft, priced from Rs 2.72 crore to Rs 5.15 crore (all-inclusive).
Registered with MahaRERA (PR1335052500430), the project is scheduled for possession in December 2029 and features 50+ amenities across 6 acres of open space. The community offers just 5 towers, ensuring more openness and privacy for every resident, with a strong emphasis on low-density living that dedicates more area to green landscapes and recreational amenities.
The three configurations on offer reflect the design philosophy Raymond has applied consistently across its Thane pipeline:
| Configuration | Carpet Area | Price (All Inclusive) |
|---|---|---|
| 3 BHK – Joy | 1,050 sq ft | Rs 2.72 Cr |
| 3 BHK – Bliss | 1,190 sq ft | Rs 3.18 Cr |
| 4.5 BHK – Celestia | 1,928 sq ft | Rs 5.15 Cr |
The project features premium 3, 4, 5 and 6-bed apartments with expansive decks, podium-top landscape amenities, and high-rise towers of 50 habitable floors. The immediate social infrastructure around the site includes Sulochanadevi Singhania School, New Horizon Scholar's School, Jupiter Hospital, Highland Super Speciality Hospital, Viviana Mall, and Korum Mall.
Premium localities like Pokhran Road and Anand Nagar command some of the highest Thane West property prices, averaging Rs 17,600 per sq ft, and rental yields are lucrative at around 3–4 per cent, which has spurred buying among investors. Over a ten-year horizon, Pokhran Road has seen 52.90 per cent property price appreciation, with 17 per cent appreciation in the last one year and around 27 per cent in the last three years.
The infrastructure rationale for this corridor is clear. Metro Line 4 (Wadala–Ghatkopar–Mulund–Thane–Kasarvadavali) connects Thane West to Wadala through major zones in Central Mumbai and is expected to cut travel times significantly, reducing dependency on road networks. The physical infrastructure for Metro Line 4 is now fully visible across large stretches of Thane West, with viaducts and stations forming a prominent part of the urban landscape, and trial runs on completed sections have commenced. Raymond Realty has positioned its projects to benefit directly from this corridor: Cadbury Junction is only a 5-minute walk from the future Metro Line 4, and projects are strategically located at Pokhran Nos. 1 and 2, with entry and exit from both.
The upcoming Borivali Underground Tunnel through Sanjay Gandhi National Park will make east-west movement faster and more predictable even in peak traffic. Together, these two infrastructure projects address the historical friction point of Thane-to-Mumbai commutes. Working professionals employed in BKC, Lower Parel, Powai, Andheri, and Ghatkopar can live in Thane and cut travel times significantly once Metro Line 4 becomes operational.
In a market where possession timelines are among the most scrutinised variables for buyers, even the pandemic failed to slow Raymond Realty's momentum, with the company handing over homes up to 2 years ahead of RERA timelines, setting a new benchmark for execution. With a gross development pipeline topping Rs 40,000 crore, a strategically held land bank of more than 100 acres, and a net-cash balance sheet, Raymond Realty is targeting annual revenue expansion of 20 per cent and ROCE north of 20 per cent.
The Thane residential market will continue to attract both existing and new players launching projects in the coming years; however, with Raymond Realty having already set a pricing benchmark and a track record of delivering well ahead of RERA deadlines — coupled with a continuous pipeline of new and under-construction projects — competitors would have to either undercut on pricing or command a premium over Raymond's product offering.
Raymond Realty has been recognised as Emerging Developer of the Year at The Economic Times Real Estate Awards, and as Big Impact Creator in Ultra Luxury Project at the Big Impact Awards. For buyers tracking developer credibility in Thane West specifically, the combination of group heritage dating to 1925, a formal real estate inception in 2019, an owned land bank, and a publicly verifiable early-delivery record makes Raymond Realty a distinct proposition on the Pokhran Road corridor.