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Realty, Small Cap

Raymond Realty announced the launch of Ten X District 9 in Thane, a landmark 9-acre residential development with an estimated revenue potential of Rs 2,000 crore. 

Strategic connectivity remains a cornerstone of the Ten X philosophy. Situated just 0.5 km from the Eastern Express Highway and 3 km from Thane Railway Station, the project offers immediate access to Mumbai's commercial cores. Future-readiness is ensured via proximity to Metro Lines 4, 4A, and 5, the upcoming Thane-Borivali twin-tube tunnel, and the Samruddhi Mahamarg.

Raymond Realty has designed its lifestyle-focused development in Thane to redefine the future of residential living through a dual-clubhouse ecosystem. The project features two expansive 15,000 sq. ft. social hubs equipped with a premium gymnasium, spa, mini theatre, and banquet spaces, complemented by sports facilities such as squash and badminton courts. For daily convenience and leisure, the project introduces 'Park Street', a ~45,000 sq. ft. high-street retail boulevard.

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Positioned as ?Thane?s Next-Gen Oasis,? the project will feature 2-bedroom residences ranging from 600 to 820 sq. ft., designed to optimise space utilisation and natural light.

The development will dedicate over 5 acres to landscaped open spaces and will also include a retail boulevard. The project aims to integrate premium residences with green ecosystems in the Mumbai Metropolitan Region (MMR).

Harmohan Sahni, CEO of Raymond Realty, said, ?Ten X District 9 reflects our vision of building integrated ecosystems that anticipate the needs of tomorrow?s homeowners. Thane is no longer just a suburb; it is emerging as a key residential destination driven by infrastructure development. By blending over 75 lifestyle amenities with ?Park Street?, along with strong connectivity and evolving lifestyle demand, we aim to deliver a ?walk-to-everything? living experience that strengthens our leadership in the aspirational housing segment.?

He added that strategic connectivity remains a cornerstone of the Ten X philosophy. The project is located about 0.5 km from the Eastern Express Highway and around 3 km from Thane railway station, offering access to Mumbai?s commercial hubs. It is also expected to benefit from upcoming infrastructure such as Metro Lines 4, 4A and 5, the proposed Thane?Borivali twin-tube tunnel, and the Samruddhi Mahamarg.

Raymond Realty is in the business of real estate development.

The company?s net profit zoomed 2,118.9% to Rs 66.79 crore on 721% surge in revenue from operations to Rs 757.55 crore in Q3 FY26 over Q3 FY25.

Shares of Raymond Realty rose 0.70% to Rs 394.50 on the BSE.

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The proposed project is estimated to have a gross development value (GDV) of around Rs 3,000 crore and will mark the company?s third development in the western suburbs of Mumbai.

The company said the project will be undertaken under a joint development arrangement and will be its seventh such project in Mumbai, in line with its strategic expansion plans in the city?s key residential markets.

The project is poised to contribute substantially to the company's future growth and solidify its presence as a key player in the city. With this addition, the Gross Development Value of Real Estate projects of the company will be close to Rs. 43,000 crores.

Harmohan Sahni, the CEO of Raymond Realty, said, ?As we continue to scale our portfolio across high-quality urban locations, we are on track to compound growth with execution excellence and disciplined capital deployment, while delivering strong end-user demand and sustained investor returns.?

Raymond Realty is in the business of real estate development.

The company?s net profit zoomed 2,118.9% to Rs 66.79 crore on 721% surge in revenue from operations to Rs 757.55 crore in Q3 FY26 over Q3 FY25.

Shares of Raymond Realty fell 2.10% to Rs 373.20 on the BSE.

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Raymond Realty has signed definitive documents to develop a prestigious residential project in a prime location of Kandivali, Mumbai.

This landmark project is estimated to have a gross development value of approximately Rs. 3,000 crore and marks the Company's third project in Western Suburbs of Mumbai.

This also represents the 7th Joint Development project undertaken by the Company in Mumbai city as per the strategic expansion plan of the Company.

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