Raymond Realty has announced the launch of Ten X District 9, a comprehensive 9-acre residential development in Thane positioned as "Thane's Next-Gen Oasis." The project carries an estimated revenue potential of ₹2,000 crores, representing a significant investment in the Mumbai Metropolitan Region's real estate sector.

Project Specifications and Features

Ten X District 9 is designed as a next-generation residential ecosystem featuring over 5 acres of landscaped open spaces and 75+ lifestyle amenities. The development offers grand 2-bedroom residences ranging from 600-820 sq. ft., meticulously engineered for spatial efficiency and natural light.

Amenities and Infrastructure

The project features two expansive clubhouses of approximately 15,000 sq. ft. each, designed as social and wellness hubs. These facilities include premium gymnasium, spa, mini theatre, banquet spaces, and sports facilities such as squash and badminton courts.

A key highlight is 'Park Street', a 45,000 sq. ft. high-street retail boulevard that brings premium dining and essential retail directly to residents' doorsteps, creating a self-contained community environment.

Strategic Connectivity

Ten X District 9 offers exceptional connectivity advantages, positioned just 0.5 km from the Eastern Express Highway and 3 km from Thane Railway Station. The project provides future-ready access through proximity to upcoming Metro Lines 4, 4A, and 5, the planned Thane-Borivali twin-tube tunnel, and the Samruddhi Mahamarg.

Management Commentary

Harmohan Sahni, CEO of Raymond Realty, stated: "The 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 a premier residential destination driven by massive infrastructure tailwinds."

Sustainability and Approvals

The development aligns with Indian Green Building Council (IGBC) sustainability standards, reinforcing Raymond Realty's commitment to environmentally conscious development. The project has received RERA approval and marks another milestone in the company's growing portfolio across the Mumbai Metropolitan Region.

Raymond Realty has announced its seventh major joint development project in Mumbai, representing a significant milestone in the company's expansion strategy. The project, located in the prime area of Kandivali, carries a gross development value of approximately Rs. 3,000 crores and marks the company's third project in Mumbai's Western Suburbs.

Project Details

The latest joint development initiative continues Raymond Realty's established pattern of strategic partnerships in Mumbai's real estate sector. This Kandivali residential project demonstrates the company's commitment to expanding its presence in India's financial capital through joint venture arrangements.

Leadership Commentary

Commenting on the development, Harmohan Sahni, CEO of Raymond Realty, stated, "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."

Strategic Impact

With this addition, the Gross Development Value of Real Estate projects of the company will be close to Rs. 43,000 crores. This seventh joint development project reinforces Raymond Realty's strategic approach to growth through partnerships in Mumbai, particularly strengthening its foothold in the Western Suburbs market.

Company Position

The project is poised to contribute substantially to the company's future growth and solidify its presence as a key player in Mumbai's competitive real estate landscape. Raymond Realty's consistent focus on joint development arrangements continues to be a key component of its expansion methodology in the metropolitan real estate market.