Company overview
Raymond Realty benefits from extraordinary land advantage — 100 acres of own land in central Thane valued at ₹18,000+ Cr GDV. The Raymond brand has 100 years of trust. Key risk is limited real estate delivery track record.
All projects — city-wise
Projects sourced from RERA portals, 99acres, MagicBricks and official websites. Always verify RERA registration before booking.
Thane
Company history & milestones
PropIQ scorecard — 6 dimensions
Each dimension scored 0–10 based on verifiable public data, RERA records and buyer feedback. Not a paid review.
New in real estate — 5 years delivery track record only. First projects delivered 2024. Too early for definitive assessment.
Raymond Group construction discipline evident. Build quality at TenX better than typical Thane developer.
Listed entity. No land cost (own land). Low input cost means better financial health than land-buying peers.
Strong brand service ethic from parent company. Sales process transparent.
All projects RERA registered. No orders. First delivery in 2024 went smoothly.
Thane pricing with own land advantage — competitive. No land cost passed to buyer.
Financials & funding
Listed post-2024 demerger. Own 100-acre land in Thane = ₹0 land cost. Total GDV ₹18,000+ Cr. First project phase pre-sales strong. No legacy debt. Very clean financial structure.
Buyer sentiment analysis
Raymond Realty buyers are enthusiastic about brand and location. Main awareness is limited delivery track record — most accept this for the price advantage.
Pros & cons
- +Own land means best Thane pricingNo land cost = 10-15% better pricing than any competing Thane developer.
- +Raymond brand is genuine trust100 years of brand equity in consumer goods. That discipline transfers to real estate.
- +Listed entity post-2024SEBI disclosure, quarterly results, institutional oversight.
- +Best location in ThanePokhran Road 2 is central Thane — metro, schools, hospitals within 2km.
- −Only 5 years RE track recordNot enough delivery history to assess long-term quality.
- −Single market — primarily ThaneNot useful if buying outside Thane.
- −Township takes 10+ years to matureAmenities fully operational only after 2030+.
PropIQ verdict
Raymond Realty is the most interesting new player in Mumbai MMR real estate. Own land in central Thane, listed entity, Raymond brand. Caution is limited delivery track record. Buy Phase 1 (delivered) or Phase 2 with confidence for good Thane positioning.