As for the Raymond Group, it opened what is possibly its most ambitious chapter—the ceremonial handover of Raymond Realty’s maiden venture, Ten X Habitat. For a brand reckoned globally for its finest quality fabrics and menswear fashion, it is a reflection of foresight and a testimony to the enduring qualities of trust, quality and excellence that have propelled the group’s turnaround. One of Raymond’s many privileges in its 98-year-old journey has been growing with and for India. As our country embarks upon a journey of transformation, real estate has been identified as a key growth driver towards nation building. I believe that this is the rise of a new-age India that is beaming with hope and proud of a new identity in a redefined world order.
Recalibrating for the Future
The inception of Raymond Realty marked the beginning of a new phase of growth for Raymond. The group now has two businesses— lifestyle and real estate—with contributions from engineering and denim businesses. The epicentre for the realty business is our verdant land in the heart of Thane.
The Mumbai Metropolitan Region has been among India’s leading regions to witness highest property buying in recent times. The first of 900 apartments of Ten X Habitat, a 3,103-apartment complex at Pokhran Road, were made open for possession last December, two years ahead of the RERA deadline.
The other entity, Raymond Consumer Care, will continue to focus on lifestyle business, which has our legacy textiles business.
A Humble Beginning
This story is from the August 2023 edition of Outlook Business.
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This story is from the August 2023 edition of Outlook Business.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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