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The very popular Raymond Realty Project TenX Habitat was another feather to add to its hat. The company has been successfully completed and delivered its first three towers 24 months ahead of schedule leaving homebuyers overjoyed. The project was launched in 2019 with chief architect Hafeez Contractor enlisted with the intention to create a new landmark in Thane. TenX Habitat is Raymond Realty’s first real estate project and has been met with immense successful from the day go. TenX Habitat is now the tallest structure in Thane Skyline with 42 stories and 10 towers.
Gautam Hari Singhania, Chairman and Managing Director of Raymond Group gave the first few buyers the keys to their luxurious apartments during the event. He added, "It is a really proud time for us to have achieved this laudable feat in just three years of our operations that many established players have not been able to do so. We agreed to deliver a portion of our first project, TEN X, on December 10th, 2022, in October, and I'm happy to say that we kept our word despite confronting a variety of challenges, including COVID and the rising cost of raw materials among others. We are now overjoyed that Raymond Realty, our new company, honoured its word to its clients thus increasing our core values of excellence, quality, and trust.”
The project's design honours a new way of life that allows residents to get away from the city and is based on sustainability, modern architecture, and contemporary design concepts. The Address by GS and TenX Habitat, two of the group's premier real estate developments have secured the top two spots in the Thane city area with 78 and 124 apartments sold for Rs 201 crores and Rs 147 crores respectively. This accomplishment is consistent with Raymond Realty's robust second-quarter sales growth, which increased by three times, to Rs 245 crores from Rs 81 crores in the prior year. Additionally, the real estate division recorded a 25.8% quarterly EBITDA margin.
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