Raymond Realty Limited has informed the Exchange regarding a press release dated March 12, 2026, titled "Raymond Realty announces Ten X District 9, a Next-Generation Residential Development in Thane.".
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Raymond Realty has launched 'Ten X District 9', a 9-acre residential development in Thane with an estimated revenue potential of around ₹2,000 crores. The project features 5+ acres of landscaped open spaces, 75+ lifestyle amenities, two ~15,000 sq. ft. clubhouses, and a ~45,000 sq. ft. 'Park Street' retail boulevard. It offers 2-bedroom residences of around 600-820 sq. ft., positioned for the aspirational housing segment. The project is RERA-approved, aligned with IGBC green building standards, and well-connected to Eastern Express Highway, Thane Railway Station, upcoming Metro Lines 4, 4A & 5, and the Thane-Borivali twin-tube tunnel. Raymond Realty's total gross development value stands at approximately ₹40,000 crores (₹400 billion) across MMR.
The ₹2,000 crore revenue potential represents a material addition to Raymond Realty's project pipeline, reinforcing its position among the top 10 real estate players in MMR. Positive for the stock as it signals continued expansion in the aspirational housing segment and strengthens the company's order book visibility.