Raymond Realty Launches 'Ten X District 9' in Thane — 9-Acre Development with ₹2,000 Crore Revenue Potential

Raymond Realty Launches Ten X District 9 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. Positioned as "Thane's Next-Gen Oasis," the project integrates high-end residences with landscaped green ecosystems and retail spaces, reflecting the company's strategy of building integrated urban communities.

Scale and Green Space

Ten X District 9 dedicates more than five acres to landscaped open spaces and includes over 75 curated lifestyle amenities. The project features two 15,000 sq. ft. clubhouses and a 45,000 sq. ft. retail boulevard called 'Park Street', offering 2-bedroom residences ranging from 600-820 sq. ft.

Location and Connectivity

The development 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.

Sustainability and Approvals

Ten X District 9 is aligned with the Indian Green Building Council sustainability standards and has received RERA approval, reflecting Raymond Realty's focus on environmentally responsible development.

Developer Context

Established in 2019, Raymond Realty has rapidly expanded its presence, particularly in Thane, utilizing a substantial land bank of over 100 acres. The company has a history of successful project launches in Thane, including 'Ten X Habitat', 'Ten X Era', and 'The Address by GS'. Raymond Realty's total potential revenue from its current real estate business, including its Thane land and JDAs, is estimated to be close to ₹40,000 crore.

Raymond Realty favors a capital-light strategy, frequently employing Joint Development Agreements (JDAs) to grow its project pipeline efficiently, backed by Raymond Ltd.'s strong financial position, characterized by a zero-debt policy and ample cash reserves.

Thane's Residential Evolution

Thane has transitioned from being viewed as an extension of Mumbai to establishing itself as a self-sustained urban centre. Thane has emerged as one of the fastest-growing residential destinations in the Mumbai Metropolitan Region, with remarkable infrastructure development, improved connectivity, and growing demand from homebuyers over the past few years. Between 2026 and 2030, Thane will see a major shift where corporate offices gradually shift from Mumbai to Thane, further increasing the demand for property.