From Textiles to Real Estate: Building a Modern Legacy
New Delhi [India], August 21: For over a century, the Raymond Group built a prominent presence in India across textiles, manufacturing, and consumer goods. In 2019, the group formally entered the real estate sector with the launch of Raymond Realty, its property development division. Under the leadership of Raymond Group Chairman and Managing Director, Mr. Gautam Singhania, the company approached urban real estate by applying its manufacturing discipline, engineering precision, and corporate governance to property development.
Operating from an initial master-planned township in Thane, Raymond Realty rapidly expanded its footprint across the Mumbai Metropolitan Region (MMR). Its operations now encompass residential communities and integrated high-street retail developments across key micro-markets, including Thane, Bandra, Bandra Kurla Complex (BKC), Wadala, Mahim, and Sion.
Portfolio Architecture and Segmentation
To address distinct demographic needs and buyer life stages across MMR, Mr. Gautam Singhania guided the structuring of the company’s residential offerings into three core brand tiers:
- Ten X Series: A residential category centered on smart spatial planning, integrated amenities, and self-contained community living designed for first-time buyers and young families.
- The Address by GS: A premium residential brand characterized by larger spatial proportions, upgraded architectural specifications, and elevated urban living for mid-to-upper-tier buyers.
- INVICTUS by GS: The Company’s flagship ultra-luxury tier targeted at high-net-worth individuals (HNIs) and corporate executives, featuring reduced unit density, enhanced spatial privacy, and hospitality-inspired services.
Alongside its residential developments, Raymond Realty established a dedicated commercial and retail portfolio within its larger projects to create integrated, mixed-use ecosystems.
The Thane Operations: JK Gram Site Transformation and Delivery Track Record
Raymond Realty’s real estate operations commenced at JK Gram in Thane, transforming a historical 144-acre industrial site previously utilized for Raymond Group’s textile manufacturing into a mixed-use urban development. The master plan incorporated residential clusters alongside open green spaces, civic infrastructure, and dedicated high-street retail boulevards.
To serve the daily commercial and lifestyle needs of residents, each major residential cluster in Thane is paired with its own integrated retail component including Ten X Vibes serving Ten X Habitat, Park Avenue integrated within The Address by GS, and Park Street built into Ten X District 9.
In an industry where project execution timelines are often subject to delays, Raymond Realty established early delivery as a core operational benchmark. The company completed its maiden project, Ten X Habitat, ahead of its registered RERA (Real Estate Regulatory Authority) timeline. This execution model continued with The Address by GS, Thane’s tallest residential tower at completion, where handovers were initiated ahead of schedule. This was accompanied by strong market absorption for the ultra-luxury INVICTUS by GS project on the same land parcel.
In March 2026, the company expanded its Thane footprint with the launch of Ten X District 9. Positioned around modern, sustainable urban design, District 9 was planned with intelligent layouts, two clubhouses, over 75 listed lifestyle amenities, and the integrated Park Street retail boulevard. The project recorded strong initial sales velocity upon launch, reinforcing the company’s ability to serve varied buyer categories while maintaining strict construction schedules.
Strategic Expansion Across Central and Western Mumbai
Building on its execution track record in Thane, Raymond Realty initiated a strategic expansion into primary Mumbai city centers through joint development agreements, redevelopment partnerships, and direct land acquisitions under an approach focused on systematic neighbourhood development:
- Bandra Kurla Complex (BKC): The Company established a presence in Mumbai’s commercial financial district with INVICTUS by GS. The development brought ultra-luxury residential living tailored for high-net-worth business leaders directly into the BKC financial hub.
- Wadala: Situated near key municipal transit links including the Eastern Freeway, Mumbai Metro network, and the Atal Setu (Trans Harbour Link) The Address by GS Wadala was positioned as a premium transit-adjacent development. The project consistently recorded high sales volume, validating the transferability of the brand’s residential model to central transit nodes.
- Sion: With The Address by GS – Sion, Raymond Realty introduced a premium residential development to Central Mumbai, emphasizing structural dignity, spatial efficiency, and privacy within an established urban setting.
Development Pipeline and Future Growth
Seven years after entering the real estate sector, Raymond Realty built a project pipeline representing an estimated Gross Development Value (GDV) of approximately ₹50,000 Crore.
The company’s expansion roadmap includes upcoming residential and mixed-use launches in Mahim, Kandivali, and Parel. These future projects are designed to bring Raymond’s integrated development model combining spacious apartment layouts, extensive community amenities, high-street retail spaces, and transit access to key South and Central Mumbai locations.
Through early construction handovers and large-scale urban regeneration, Raymond Realty has demonstrated how a legacy manufacturing entity can successfully transition into a major player in modern property development.
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