Raymond's connection to Thane is not manufactured for a marketing pitch. Raymond Ltd. was incorporated as Raymond Woollen Mill in 1925 near Thane Creek. In 2019, Raymond announced its venture into the real estate business under Raymond Realty, with an initial investment of ₹250 crore to develop mid-income and premium housing units on 20 acres of land in the growing suburb of Thane. That land was not acquired opportunistically — it was the group's own industrial holding, accumulated across nearly a century of manufacturing presence in the city. Raymond leveraged its land assets in Mumbai and Thane to enter real estate, developing residential projects that unlocked significant value and improved balance sheet strength.
Raymond Realty is the real estate arm of the Raymond Group, which was established in 1925. Founded in 2019, Thane-based Raymond Realty strives to go beyond all conventions in real estate. In a significant move on May 14, 2025, Raymond Ltd announced the demerger of its real estate arm, Raymond Realty, aiming to streamline its business structure and unlock greater shareholder value. As a standalone entity, Raymond Realty now carries full focus and independent accountability for its residential pipeline across Thane and the wider MMR.
Pokhran Road, located in Thane, Maharashtra, is a prominent locality that serves as a vital link between Thane and Mulund. One notable feature of Pokhran Road is its proximity to key neighbourhoods like Vartak Nagar and Samata Nagar, enhancing its appeal as a residential and commercial hub. Raymond Realty has concentrated a significant part of its residential output precisely here, giving buyers the unusual option of choosing between multiple completed and ongoing projects from the same developer on a single corridor.
The price trajectory of the road validates that concentration. In 2019, Pokhran Road had a rate of approximately ₹17,220 per sq. ft. By Q4 of 2024, Pokhran Road achieved its highest recorded price of ₹22,000 per sq. ft. That translates to 52.90% price appreciation over the past 10 years, with 17% appreciation recorded in the last year alone. Raymond Realty's own projects on the road reflect similar momentum: during Q1 2026, average transacted prices for Raymond Ten X Era on Pokhran Road moved from ₹24,050/sqft to ₹24,400/sqft, and during Q3 2025 they rose by 9.64%, from ₹22,300/sqft to ₹24,450/sqft.
Before Ten X District 9, Raymond Realty established two significant projects directly on Pokhran Road 1. TenX Habitat — a high-rise development of 50-storey towers — is among the developer's earlier deliveries on this stretch. Raymond Realty's TenX Habitat managed to receive its Occupancy Certificate two years ahead of the RERA deadline, reflecting the developer's commitment to on-time delivery and quality construction. That track record is material context for buyers evaluating an under-construction product from the same developer on the same road.
Featured developments on Pokhran Road No 1 from Raymond Realty include Ten X Habitat Tower E and The Address By GS Tower A, alongside the active Ten X Era towers and the newly registered Ten X District 9. Across these projects, Raymond Realty has established a recognisable residential ecosystem at Cadbury Junction — a node where Pokhran Road 1 and 2 converge — that now encompasses multiple configurations from compact 2 BHK apartments to 6 BHK residences under The Address by GS brand.
Raymond Ten X District 9 is a thoughtfully designed residential destination at JK Gram, Pokhran Road 1, Thane, where next-generation living meets intelligent planning. Developed by the trusted Raymond Group, this iconic project spans approximately 9 acres and features high-rise towers designed for modern living, offering thoughtfully planned 2 & 3 BHK apartments that blend contemporary architecture with intelligent layouts, ensuring maximum space utilisation, natural light, and ventilation.
Offering smart-sized 2 BHK homes ranging from 632 sq. ft. the carpet area across unit types ranges from 630 sq. ft. to 810 sq. ft., depending on the configuration. This cluster of three towers presents spacious 2 BHK and 3 BHK apartments, each designed according to Vaastu principles to deliver a positive and vibrant living experience.
The project uses Mivan formwork technology, guaranteeing structural longevity and superior finish compared to conventional construction methods. The project is crafted as a self-sustained ecosystem with 75+ lifestyle amenities and expansive green spaces. A 26,500 sq. ft. clubhouse anchors the amenity offering, which extends to a gym and Pilates studio, mini theatre, library, pet park, cricket pitch, tennis lawn, picnic area, yoga pavilion, adventure play zone, and butterfly garden.
The project is registered with MahaRERA. The project is officially registered under MahaRERA No. PM1331012502633, ensuring complete legal transparency and a secure investment environment for every homeowner. The RERA-stated possession date is 1 December 2031.
Pokhran Road 1's strength for a working household lies in how many directions it opens up simultaneously. Connecting directly to Ghodbunder Road within 5 minutes, Ten X District 9 enjoys easy connectivity throughout internal Thane; the Eastern Express Highway, at 15 minutes, provides access to Central and South Mumbai; and Thane Railway Station is only 16 minutes away. The upcoming Cadbury Junction Metro Station on Metro Line 4 will be only 5 minutes away. For air travel, Chhatrapati Shivaji Maharaj International Airport via this road takes approximately 42 minutes to reach.
Daily errands and professional needs are also within close range. Nearby landmarks include the Western Express Highway at 1.1 km, Lakeshore Mall at 1.6 km, and Jupiter Hospital at 1.8 km. The project is also within minutes of institutions including Smt. Sulochanadevi Singhania School, National College, ARMIET Engineering College, Jupiter Hospital, Highland Superspeciality Hospital, Odyssey IT Park, and Thane One Corporate Business IT Park. For working professionals, IT hubs like Wagle Estate are located nearby.
Pokhran Road 1 carries projects from Lodha, L&T Realty, Narang Realty, and Raunak Group, among others. Within this competitive field, Raymond Realty's differentiation rests on three verifiable points: the physical depth of its land bank on this specific corridor (multiple towers across multiple branded projects), a documented delivery track record on the same road, and the institutional weight of a parent group that has held a manufacturing and community presence in Thane for a century.
A total of 111 residential transactions have been registered for Raymond Ten X Era, amounting to ₹168 crore till June 2026 — a measure of real transactional activity, not projected demand. For Ten X District 9, construction was approximately 10% complete as of March 15, 2026, with the project in active early-stage development.
From the serene vistas of Raymond Realty's Pokhran Road projects to the strategic commercial hub at Cadbury Junction, the developer has frequently delivered iconic residences ahead of schedule. That combination — group heritage, Thane-rooted land ownership, and a cluster of projects on the same address — makes Raymond Realty's Pokhran Road 1 presence something more than a single-project story.