Raymond Realty Arrives in South Mumbai: 2, 3 and 4 BHK Residences at Mahalaxmi
2, 3 & 4 BHK · Price on Request
Raymond Mahalaxmi marks Raymond Realty's deliberate entry into South Mumbai's luxury segment — a calculated step for a developer that has spent six years building a substantial presence across Thane and the wider MMR. The project offers 2, 3 and 4 BHK residences in the Mahalaxmi precinct, a neighbourhood defined by its racecourse views, sea proximity and proximity to the city's oldest commercial spine. Raymond Realty, formally established as the real estate arm of the Raymond Group in 2019 and listed as an independent entity in 2025 following its demerger from Raymond Ltd, brings to this address a track record recognised for delivering projects ahead of MahaRERA deadlines.
The address itself is among South Mumbai's most layered: the Mahalaxmi Racecourse's 225 acres of open turf to one side, the Arabian Sea's horizon to the west, and the Lower Parel business district a short drive east. For residents, the daily rhythm involves the kind of compression that only South Mumbai delivers — a morning jog along the racecourse perimeter, a ten-minute drive to a top-tier corporate campus, and evenings with an unobstructed coastal sky. Raymond Mahalaxmi is designed to sit naturally inside that rhythm.
Raymond Realty's approach to construction draws on the same discipline that has characterised the parent Raymond Group since its founding in 1925 as a woollen mill — precision, material integrity, and a refusal to rush process. The company has earned the Economic Times Real Estate Award for Emerging Developer of the Year, and its Thane developments under the Ten X and The Address by GS brands have consistently been cited for build quality and on-time handover. That same standard of craftsmanship — considered layouts, well-ventilated rooms, large windows and premium internal finishes — is the template for Raymond Mahalaxmi.
South Mumbai's luxury residential supply is acutely constrained. Land parcels of meaningful scale rarely come to market in this micro-market, and the neighbourhoods that do see new launches — Mahalaxmi, Worli, Lower Parel — attract sustained demand from both city-based high-net-worth buyers and the NRI diaspora. Raymond Realty's entry here, backed by its JDA-led expansion strategy and a pipeline of six MMR launches in FY26 with an estimated combined revenue potential of Rs 14,000 crore, signals confidence in the structural demand story of this address.
Raymond Mahalaxmi is an invitation to own a residence where the developer's century of craft is expressed in concrete and glass, at one of Mumbai's most storied intersections. Enquire to register your interest and receive first-mover access to floor plans and pricing.
| Configuration | Size | Starting Price |
|---|---|---|
| 2 BHK Compact luxury residence with modern kitchen and ventilated bedrooms | On request | |
| 3 BHK Spacious layout with attached balconies and ensuite master bedroom | On request | |
| 4 BHK Grand residence with multiple balconies and premium specifications throughout | On request |




Detailed master plan and unit-wise floor plans available on request.
Mahalaxmi, South Mumbai, Maharashtra · Mumbai
Mahalaxmi sits at the southern spine of Mumbai, flanked by Worli to the north and Lower Parel's commercial belt to the east. The neighbourhood takes its name from the Mahalaxmi Temple, a landmark built in the late 18th century that has anchored local culture for generations. At its heart lies the 225-acre Mahalaxmi Racecourse, an expanse of open turf that gives surrounding towers an uninterrupted green outlook rare at this density in the city. The Arabian Sea frames the western edge, lending a distinct coastal character that few South Mumbai precincts can match.
Residents are minutes from Lower Parel Business District, roughly 2.6 km away, and Nariman Point at approximately 7.9 km. Mahalaxmi Railway Station on the Western line sits within easy walking distance, while the Bandra-Worli Sea Link, about 6 km out, connects the precinct to the western suburbs without touching arterial congestion. Ongoing Coastal Road works and the proposed Metro Line 3 corridor are already reshaping travel times across this corridor, reinforcing Mahalaxmi's standing as one of the city's most connected luxury addresses.
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The operational Mumbai Coastal Road along the western seafront dramatically reduces travel times between Mahalaxmi and Bandra, benefiting South Mumbai residents with signal-free connectivity to the western suburbs.
The under-expansion Metro Line 3 corridor is set to add a rapid-transit spine through South Mumbai, improving access to BKC and the airport from the Mahalaxmi catchment without road congestion.
Ongoing discussions around extending and upgrading the Sea Link corridor will further strengthen Mahalaxmi's connectivity to western suburban business districts and residential zones.
Improved spur access to the Eastern Freeway from Lower Parel and Mahalaxmi cuts drive time to Thane, Navi Mumbai and the Chhatrapati Shivaji Maharaj International Airport for residents heading east.
Planned upgrades to Lower Parel railway station, the closest major interchange, aim to improve platform capacity and pedestrian access, reinforcing the rail catchment that Mahalaxmi residents already benefit from.
Raymond Realty carries forward the precision and material integrity of a group founded in 1925. Since launching its real estate vertical in 2019, the company has earned a reputation for delivering MahaRERA-registered projects ahead of their committed completion dates, a record independently cited by ICICI Securities.
Raymond Mahalaxmi is the developer's deliberate entry into the South Mumbai luxury market after establishing its credentials in Thane. As a first-mover address in this micro-market for the brand, it carries the full weight of Raymond Realty's product and delivery focus.
The 225-acre Mahalaxmi Racecourse — established in the 19th century — gives the project an uninterrupted open outlook that no future development can obstruct. Combined with Arabian Sea views to the west, the visual environment is a permanent asset of this address.
Lower Parel Business District sits roughly 2.6 km from Mahalaxmi. Nariman Point, home to the Bombay Stock Exchange and several Fortune 500 India offices, is under 8 km. The address compresses the distance between home and workplace in a city where that compression commands a significant premium.
Raymond Realty completed its demerger from Raymond Ltd in May 2025 and listed as an independent entity in July 2025. The standalone listing enforces continuous financial disclosure, making the developer's governance and construction progress visible to any prospective buyer.
New residential launches in Mahalaxmi are rare. Comparable completed projects in the precinct such as Piramal Mahalaxmi and Runwal 7 Mahalaxmi demonstrate sustained buyer demand and capital values in the Rs 55,000–72,000 per sq ft range, anchoring the investment case for a new launch in this locality.
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