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HomeNewsBusinessReal EstateRaymond Realty further expands in Thane; estimates Rs 2,000 crore revenue potential

Raymond Realty further expands in Thane; estimates Rs 2,000 crore revenue potential

The newly launched project will include wellness centers, a clubhouse with the latest amenities spread across 25,000 sq. ft, and a 70,000 sq. ft high-street retail space.

July 31, 2023 / 07:34 IST
The newly launched project will include wellness centers, a clubhouse with the latest amenities spread across 25,000 sq. ft, and a 70,000 sq. ft high-street retail space, according to the company.

The newly launched project will include wellness centers, a clubhouse with the latest amenities spread across 25,000 sq. ft, and a 70,000 sq. ft high-street retail space, according to the company.

Raymond Realty recently announced its expansion in the Thane real estate market, marking the launch of its fourth project.

On July 28, the real estate arm of Raymond unveiled its fourth project in the Thane real estate market in the Mumbai Metropolitan Region (MMR). This project has a total RERA carpet area of 9.40 lakh square feet, and a revenue potential of over Rs 2,000 crores, as per the company's press release.

The project, titled "The Address by GS 2.0," will bring the total RERA carpet area under development in the Thane market to about four million square feet.

"The Address by GS 2.0" offers 3, 4, 5, and 6 BHK apartments equipped with the latest amenities, according to the statement.

Harmohan Sahni, CEO of Raymond Realty, expressed his enthusiasm, saying, "The overwhelming success of our first edition of The Address by GS has fueled our passion to create homes that resonate with the aspirations of a new age India."

Also read: Covid made people realise you need your own house: Gautam Singhania, CMD Raymond

The company further revealed that the newly launched project will include wellness centers, a clubhouse with the latest amenities spread across 25,000 sq. ft, and a 70,000 sq. ft high-street retail space.

Moneycontrol News
first published: Jul 28, 2023 08:33 pm

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