Raymond Realty books 348cr in sales in Thane Region

The Singhania family-owned realty firm Raymond Realty has recently topped the IndexTap Premier League Chart for the Thane region by selling over 200 units at a total approximate value of 348 crore rupees in their projects TenX Habitat and The Address by GS. As per reports published, the company received 120 bookings for their TenX Habitat project in Q2 FY 22-23. More than 85 percent of the available inventory in the project which is a little over 2,000 units have already been booked so far. Similarly, their luxury project ‘The Address by GS’ has been able to secure booking valued at 830 crore rupees up until now.

The achievement stands in line with Raymond Realty showcasing a strong sales growth by three-fold to 245 crores from 81 crores compared with the second quarter of the last fiscal year. The realty segment also reported a quarterly EBITDA margin of 25.8%. Commenting on this achievement, Gautam Hari Singhania, Chairman, and Managing Director, Raymond Ltd said; “We have observed a spirit of resilience in home demand in relation to higher liquidity flow in the market. With the increasing customer confidence in Raymond Realty due to our fast-paced construction and timely deliveries of our commitments, we are now attuned to meet the evolving demands of the new age home buyers.”

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Raymond Realty books 348cr in sales in Thane Region

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