Raymond Realty Launches 'Park Street' — High-Street Retail Destination in Thane with MahaRERA Registration
Raymond Realty Launches Park Street High-Street Retail in Thane
Raymond Realty announced on March 12, 2026 the launch of Ten X District 9, a nine-acre residential development in Thane with an estimated revenue potential of Rupees 2,000 crore. Within this mixed-use community sits Park Street, a roughly 45,000 square foot high-street retail boulevard.
Location and Connectivity
Park Street is nestled between Pokhran Road 1 and 2 in Thane. The project is strategically located about 0.5 km from the Eastern Express Highway and roughly 3 km from Thane Railway Station, providing connectivity to Mumbai's commercial hubs. It will also benefit from infrastructure projects such as Metro Lines 4, 4A, and 5, as well as the planned Thane–Borivali twin-tube tunnel.
Retail Format and Community Integration
The retail destination is designed to bring dining and essential retail services directly within the residential complex, creating a self-contained community environment. Through these integrated amenities and retail offerings, the development aims to deliver a "walk-to-everything" lifestyle for residents.
The project features a lifestyle-focused development including 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. The development includes over 75 curated lifestyle amenities.
Sustainability and Regulatory Approval
The project is aligned with the Indian Green Building Council sustainability standards and has received RERA approval, reflecting Raymond Realty's focus on environmentally responsible development.
Raymond Realty's Thane Footprint
Raymond Realty has quickly established itself as a leading real estate developer in the Mumbai and Thane markets, leveraging its 100-acre land bank. Of the total, 40 acres are utilised for six projects, 30 acres are allocated for commercial developments, and 30 acres are earmarked for future projects. Its first high-street retail venture, Park Avenue in Thane, pre-booked 65 units (0.08 million sq ft) in its first phase.
At Thane, the company has created various brands in each segment, such as aspirational (Ten X), premium (The Address by GS), and luxury (Invictus by GS), with all its projects positioned within these three brands. Raymond Realty has a track record of finishing projects well before RERA deadlines, granting it top place in customer-trust surveys.
Thane's Retail and Commercial Evolution
Thane, once considered a quiet suburb of Mumbai, is rapidly transforming into a key commercial and mixed-use hub within the Mumbai Metropolitan Region. Supported by infrastructure growth, competitive rentals, and an influx of investors, the city is attracting developers, corporates, and homebuyers alike.
In retail, India recorded around 3.2 million sq ft of leasing in the first half of 2025, largely concentrated in Tier-I cities, reflecting robust urban consumption trends. This translates into promising opportunities for Thane's mall, entertainment, and high-street retail segments.