Raymond Realty launches ₹2,000 crore Thane project, stock edges up 0.75%

Raymond Realty says the project will dedicate over 5 acres to landscaped open spaces and include more than 75 lifestyle amenities.

Raymond Realty says the project will dedicate over 5 acres to landscaped open spaces and include more than 75 lifestyle amenities.

Raymond Realty Limited on Thursday announced the launch of Ten The project has received RERA approval and is aligned with Indian Green Building Council sustainability standards.

The development, positioned as “Thane’s Next-Gen Oasis,” will offer 2-bedroom residences ranging from 600 to 820 sq. ft. The company says the project will dedicate over 5 acres to landscaped open spaces and include more than 75 lifestyle amenities. Two clubhouses of approximately 15,000 sq. ft. each will serve as social and wellness hubs, featuring a gymnasium, spa, mini theatre, and sports courts.

A key retail component called ‘Park Street’ — a high-street boulevard spanning roughly 45,000 sq. ft. — will provide dining and retail access within the complex. The project is located 0.5 km from the Eastern Express Highway and 3 km from Thane Railway Station, with proximity to the upcoming Metro Lines 4, 4A, and 5, as well as the Thane–Borivali twin-tube tunnel.

CEO Harmohan Sahni described Thane as “a premier residential destination driven by massive infrastructure tailwinds,” framing the launch as part of the company’s strategy in the aspirational housing segment.

Raymond Realty, which entered real estate in 2019, counts itself among India’s top 10 real estate developers and carries a gross development value of approximately ₹400 billion across 100 acres of owned land and six joint development agreements.

Shares of Raymond Realty on the NSE were trading at ₹394.80, up 0.75 per cent from the previous close of ₹391.85, touching an intraday high of ₹397.95 and a low of ₹380.00 on the day of the announcement at 1 pm.

Published on March 12, 2026