Raymond Realty launches housing project in Bandra, Mumbai, with a revenue potential of ₹2,000 cr

The housing project by Raymond Realty in Bandra will offer a mix of 2, 3, and 4 BHK apartments

Published on: Feb 20, 2024, 19:57:22 IST

By HT News Desk

Prefer HTon Google

Share via

Copy link

Raymond Realty, the real estate arm of Raymond Group, on February 20 announced the launch of its first project outside Thane in Bandra, Mumbai, that has a revenue potential of over ₹2000 crore, the company said.

The Address by GS, Bandra, is a joint development agreement (JDA) with a land owning entity and is spread over an area of 2.74 acres, it said.

"This project also promises substantial economic returns, with projections indicating a revenue generation over ₹2,000 crore," Raymond said.

Also Read: Oberoi Realty ties up with Marriott International to develop two hotels in MMR

The project enjoys connectivity to prime locations like Bandra-Kurla Complex, Bandra-Worli Sea link along with the rest of the city.

The project will offer a mix of 2, 3, and 4 BHK apartments along with 30 world class amenities including a 16,000 square feet state-of-the-art clubhouse. The residential project will also have a high-street retail space

“The Address by GS, Bandra is a significant milestone in our growth journey as this is our first project beyond Thane. This project aims to provide luxury living in a gated community with world class amenities in a prime location like Bandra East which also provides connectivity to locations like BKC, domestic and international airports,” said Gautam Hari Singhania, Chairman and Managing Director, Raymond Group.

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

Real Estate News

Stay updated with the latest Real Estate News, property prices, housing trends and major projects. Explore market updates, investment insights and property developments across India.