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Raymond Realty has launched a new residential development in Thane within the Mumbai Metropolitan Region (MMR), expanding its housing portfolio in one of the region's fastest-growing micro-markets. The project, named & Ten X District 9, is being developed on a 9-acre land parcel and carries an estimated revenue potential of about INR 2,000 crore. The announcement was made through a regulatory filing earlier this week. The development forms part of the company's broader strategy to strengthen its residential presence in Thane, where Raymond Realty has already established multiple projects under its integrated township framework. The company, which is part of the Raymond Group, continues to scale its real estate operations in the MMR housing market, focusing on large residential developments that cater to the growing demand for organised housing in suburban locations.
Raymond Realty has launched a new residential development in Thane, part of the Mumbai Metropolitan Region (MMR), as the company continues to expand its housing portfolio in the suburban market. Advertisement
In a regulatory filing earlier this week, the company announced the launch of Ten X District 9, a residential project being developed on a 9-acre land parcel in Thane. The project has an estimated revenue potential of around INR 2,000 crore.
The new development forms part of Raymond Realty's broader residential expansion strategy within Thane, where the company has been developing a series of projects as part of its integrated township development. The suburb has emerged as one of the key residential destinations in the MMR due to improved connectivity, expanding infrastructure and relatively competitive property prices compared with central Mumbai.
Raymond Realty, the real estate arm of the Raymond Group, has been gradually scaling its presence in the residential sector over the past few years. The company initially entered the property development segment through projects located on land parcels owned by the Raymond Group in Thane.
Over time, the developer has expanded its portfolio through multiple residential phases within the township, offering a mix of apartment configurations aimed at urban homebuyers seeking access to organised residential communities.
While detailed configuration and pricing information for Ten X District 9 has not yet been disclosed, the estimated revenue potential of approximately INR 2,000 crore indicates the project's scale and its significance within the company's development pipeline.
The Thane micro-market has seen sustained residential demand in recent years, supported by infrastructure upgrades, growing employment hubs in nearby business districts and improved regional connectivity within the MMR.
Industry analysts note that developers have increasingly focused on large residential developments in Thane due to the availability of sizeable land parcels compared with more densely developed parts of Mumbai. The area has also benefited from expanding road networks, rail connectivity and proposed infrastructure initiatives that have strengthened its appeal for both end-users and investors.
Raymond Realty has positioned itself as a premium residential developer, focusing on planned communities with modern amenities and integrated infrastructure within its projects.
The company forms part of the diversified Raymond Group, which has historically been known for its presence in the textiles and apparel industry but has diversified into real estate development as part of its long-term growth strategy.
With the launch of Ten X District 9, Raymond Realty continues to add to its development pipeline in the MMR housing market while strengthening its footprint in Thane, which remains a key focus area for the company's residential expansion plans.
Source - PTI
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