Two ₹4,100 Crore Raymond Projects Coming to Mahim

Mahim's residential market is set for two significant additions, with Raymond Realty planning projects carrying a combined gross development value of more than ₹4,100 crore.

Both projects are being developed through joint development agreements and are part of Raymond Realty's scheduled FY27 launch pipeline.

The first development has an estimated GDV of ₹1,800 crore, while the second has an estimated GDV of ₹2,300 crore.

Around 8 Lakh Sq Ft RERA Area

The two projects together represent approximately 0.80 million sq ft, or 8 lakh sq ft, of RERA area.

The ₹1,800 crore development accounts for approximately 0.41 million sq ft, while the ₹2,300 crore project represents around 0.39 million sq ft.

Detailed apartment configurations and carpet areas have not yet been announced.

Why Mahim Attracts Residential Development

Mahim occupies a strategic position between South Mumbai, Central Mumbai and the western suburbs.

Its proximity to Bandra, Dadar, Matunga and the BKC commercial district, combined with road and rail connectivity, makes the location attractive to homebuyers looking for relatively central Mumbai residences.

The neighbourhood also contains ageing properties and redevelopment opportunities that can create new premium residential supply.

Raymond Records Strong Sales Growth

The upcoming projects follow a strong quarter for Raymond Realty.

The developer recorded ₹902 crore in Q2 FY27 pre-sales, an increase of 98% year-on-year, without launching a new project during the quarter.

Collections increased 67% to ₹682 crore.

The company is now looking towards its upcoming MMR launches, including the two Mahim developments, to support further sales growth.

Pricing, configurations, amenities and exact launch dates for the Mahim projects remain awaited.

Sandeep Sadh’s Take:

Mahim has traditionally had limited large-scale new inventory compared with some other Mumbai markets. Two projects representing more than ₹4,100 crore GDV could create meaningful new supply and give buyers more premium options in this central location.