Raymond Realty entered residential development in 2019, anchoring its first projects on Pokhran Road in Thane. Its inaugural project, TenX Habitat, spread across 14 acres and featured 3,100 residential units. That project set an early reputational marker: the developer delivered the first three towers two years ahead of the RERA timeline. TenX Era, launched in February 2023, received approximately 100 bookings within seven days, with around 25 per cent of launched inventory sold within two months — translating to a total booking value of over ₹16 billion during FY23. That cumulative Thane presence is now the platform from which Raymond Realty is stepping into the island city proper.
Raymond Realty plans to launch six residential projects in the Mumbai Metropolitan Region this fiscal year, with an estimated revenue potential of about ₹14,000 crore. The company's real estate vertical was listed as an independent entity on stock exchanges on July 1, 2025, following its demerger from Raymond Ltd, positioning it to pursue its growth trajectory as a pure-play real estate business. With this expansion, the gross development value of Raymond's real estate projects is set to approach ₹40,000 crore. Raymond Mahim in Mahim West is among the projects that represent this next geographic chapter.
Raymond Mahim is a new residential project offering 2 BHK and 3 BHK apartments spread over 2 acres of land in Mahim West, Mumbai. The project by Raymond Realty offers 2, 3, and 4 BHK apartments. The development carries the sustainability agenda Raymond has built into its Mumbai pipeline: the project incorporates eco-friendly features such as rainwater harvesting, energy-efficient lighting, and waste management systems. Residents can access amenities including a clubhouse, swimming pool, gymnasium, landscaped gardens, a kids' play area, and 24/7 security.
The product typology — multi-configuration apartments on a compact 2-acre urban site — mirrors the format Raymond has refined in Thane, adapted to the denser, higher-value conditions of the island city. The company expanded into real estate from its roots in textiles and fashion, bringing the same emphasis on quality, trust, and timely delivery to homebuyers, with a focus on modern, well-planned homes and high construction standards.
Mahim West is not a peripheral suburb stretching toward affordability — it is one of the few remaining mid-island micro-markets in Mumbai where redevelopment is possible at scale. Its geography matters: the locality sits in close proximity to Bandra, Dadar, Worli, and Shivaji Park, a cluster of employment, retail, and cultural destinations that few other Mumbai addresses can replicate from a single point.
Transport access is unusually layered for a locality of this size. Mahim is well-connected to major hubs through robust transport infrastructure, with a connectivity score of 4.4 and the nearest train station, Mumbai Mahim Junction, just 0.39 kilometres away. Chhatrapati Shivaji Maharaj International Airport is also within a 4.78-kilometre radius. Dadar Metro Station (Metro Line 3) is approximately 1.5 km away, adding a third transit layer on top of the Western Railway and road network. Western Express Highway, BKC, and Lower Parel are all reachable without leaving the island.
Social infrastructure is equally established. The locality is home to institutions including Bombay Scottish School and S.I.E.S. College of Arts, Science and Commerce, covering education from primary through higher levels. For healthcare, facilities such as Hinduja Healthcare Surgical and Lilavati Hospital are nearby. Palladium Mall and Phoenix Marketcity are within the vicinity for retail and entertainment.
Mahim West occupies a higher band within Mumbai's residential market. Average property rates in Mahim West currently stand at around ₹47,800 per sq ft. Flat rates in the locality have moved 19.5 per cent over three years and 26.6 per cent over five years. The year-on-year figure has moderated — typical of a micro-market absorbing several new launches simultaneously — but the five-year curve reflects durable structural demand.
At current market rates, a 1 BHK flat in Mahim West is priced in the range of ₹1.59 crore to ₹2.59 crore, while a 2 BHK ranges from ₹2.70 crore to ₹3.86 crore. A Raymond Mahim ticket — backed by a brand with an established delivery record in MMR — sits in a market where buyers are already accustomed to premium-band pricing from comparable developers.
A significant demand catalyst is also in motion nearby. As part of the Dharavi Redevelopment Project, 10,000 rehabilitation flats are coming up in the vicinity of Mahim on railway land, scheduled to be completed within the next three years — a public programme that will substantially reshape the urban fabric immediately adjoining this micro-market.
Most developers entering Mahim West at this price point are either local redevelopment specialists or established South Mumbai names. Raymond Realty brings a different profile: a group-level brand with a century of consumer recognition, founded in 1925, applied to a real estate vertical that has demonstrated the ability to execute at township scale and deliver ahead of schedule. That combination — brand trust plus verified execution — is what differentiates Raymond Mahim from smaller, site-specific developments in the same locality.
The Mahim project continues Raymond's journey of creating homes across Mumbai, building on its strong foundation in Thane and extending its presence with projects designed for the future of urban living. For buyers who tracked the Thane portfolio from TenX Habitat onward, Raymond Mahim represents the same developer applying a tested playbook to one of Mumbai's most supply-constrained island addresses.