MUMBAI, SATURDAY, 10 DECEMBER, 2022 (GPN): Real estate firm Raymond Realty’s commitment and on-time delivery of houses has “silenced critics”, Raymond Group Chairman and MD Gautam Hari Singhania said.The company is eyeing to deliver nearly 6 million square feet of area within the next 24 months

He was speaking at a function at the plush Raymond Realty Centre, Pokhran Road 1, Thane to hand over possession of 900 flats to buyers. Today being the Birthday of Niharika Singhania the only daughter of Gautam and Nawaz Modi Singhania it is a momentous occasion  for Raymond to celebrate this milestone by Raymond Realty completing its maiden project in record period of 24 months ahead of RERA deadline and setting a new benchmark in real estate sector in India.

Raymond Realty has nearly 6 million square feet of area under construction, which the company expects to complete within the next 24 months.

Ten X Habitat, which has nearly 14 acres under development, was launched in March 2019. It comprises 10 high-rise towers (42 floors), with nearly 4.4 million sq ft under development.Out of total 10 towers, 900 flats in three towers of Ten X Habitat are ready for possession on Saturday.

Singhania said people did not believe the company when it embarked on a journey to build world-class housing for the masses.

“For many years Realtors said ‘yeh Raymond kon hai, yeh kya ghar banayega (Who is Raymond, how will it make homes?). In 2019 we embarked on the journey when we said we want to deliver world class housing, affordable luxury for the masses of India.

“Raymond is a brand which has touched lives of millions and millions of people with the fabric they weave. From the taxi driver to the top, everybody is wearing Raymond,” he added.

“When we started, everybody said give them six months they will fail. Give them one year they will fail. After 18 months and the buildings came up, I put up a picture on the internet and Instagram in which I said ‘silencing my critics’. On this landmark day, I am happy to say that we are the only project in the country that is delivered 2 years ahead of RERA (schedule),” Singhania said.

He added that every fourth house bought in Thane is of Raymond and it has 25 per cent market share.

In reply to a question, he said the secret behind completing the project before time is the skill and support from his team.

He also said the company is not considering the Pradhan Mantri Awas Yojana as of now. “I will not go in for too many things at a time,” he said.

Harmohan Sahni, CEO, Raymond Realty commented; “Having taken on the onus to deliver a project of this size and scale amidst the backdrop of the pandemic was no easy feat. With a whole new team, labour crunch and the restrictions, we geared up to this challenge to create a landmark project which is first of its kind in the MMR region. At Raymond Realty, we constantly strive to create world class products that set new benchmarks in the industry.”

Speaking at the event, renowned architect Hafeez Contractor said Raymond was “manufacturing” houses and not just building them.

To come from a manufacturing background into construction field is something amazing and they have proved their skills, he added.

Raymond Realty is aiming to provide around 3,000 more houses in phases.

Raymond forayed into realty sector through the launch of its maiden project TenX – an ‘aspirational district’ spread across 14 acres housing ~3,100 residential units and has recently launched a premium residential project – The Address by GS.

Raymond also has presence in FMCG sector through Raymond Consumer Care that offers wide range of products in men’s personal grooming category and personal hygiene. Having enjoyed the patronage of over a billion consumers, Raymond as a brand has been consistently delivering world class quality products to its consumers over the past nine decades. To know more, visit us today at www.raymond.in

FOR ALL PHOTOS OF THE EVENT VISIT: HERE

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About Raymond Realty

The Raymond Group entered the real estate space with Raymond Realty, a venture exclusively spearheaded by Gautam Hari Singhania. The same dedication to quality, minute details and absolute style that is the Group’s legacy, will now take a form in luxurious residential spaces. The fabric of choice this time is brick and mortar. They have woven into residences that offer the man-about-town and his family a complete lifestyle.

With the simple belief that the Indian consumers deserve more than what is being offered; Raymond Realty’s conviction is to Go Beyond all conventions in real estate. Introducing a new standard of living – one which pushes the bar on quality, design, comfort, convenience, technology and service to give today’s home buyer the kind of space they are genuinely proud to own. Built on the principle of ‘Go Beyond’ each project under Raymond Realty aims to re-imagine every expectation you have from your home by going the extra mile. Every home incorporates our virtues of excellence, style and a timeless appeal in creating modern living spaces like never before.