Raymond Realty Plans Mahim 1 Launch in Mahim West, Mumbai
Raymond Realty is preparing to bring its residential project Raymond Realty Mahim 1 to the market in Mahim, Mumbai. The project is in its pre-launch phase, and the company has said it plans to launch two joint development agreement projects in Mahim during the second half of FY2027, which runs from October 2026 to March 2027. Mahim 1 is one of the two schemes.
The project carries an indicated gross development value of ₹1,800 crore and a RERA carpet area of 0.41 million square feet. Alongside the second Mahim project, the two schemes together are expected to exceed ₹4,100 crore in gross development value and cover around 0.80 million square feet of carpet area. The Mahim West site was taken up through a joint development agreement signed by Ten X Realty West Limited, a step-down subsidiary of Raymond Ltd.
Project details at a glance
Mahim 1 is being positioned as a residential development, with homes planned as residential apartments. Pricing and unit sizes have not been announced at this stage, and buyers can expect the full configuration and rate details at launch.
- Project status: pre-launch
- Product type: residential apartments
- Indicated gross development value: ₹1,800 crore
- RERA carpet area: 0.41 million sq ft
- Planned launch window: second half of FY2027
- Location: Mahim West, Mahim, Mumbai 400016
The company has also indicated price increases of 6 to 8 per cent for its upcoming inventory, a signal of the pricing direction for the new Mahim launches.
Location and connectivity
Mahim West sits between the western suburbs and the southern core of Mumbai, and it is well served by rail. Mahim Junction on the Western and Harbour lines is the nearest major railway station, while Bandra station serves the Bandra suburban area and the Bandra Kurla Complex. Bandra Kurla Complex, the city's principal commercial hub, lies about 6 km from Mahim. The Shitladevi Temple station on Metro Line 3 serves the Mahim area directly.
Road access has improved in recent years. The Bandra-Worli Sea Link, completed in June 2009, links Bandra with Worli, and the first phase of the Coastal Road, covering 10.58 km from the Princess Street flyover to the Worli end of the sea link, opened on 11 March 2024. Coastal Road Phase 2, which extends from Bandra toward Kandivali over roughly 19.22 km, is under construction. The Versova-Bandra Sea Link is expected to be completed by 2027.
Healthcare is within easy reach. Lilavati Hospital in Bandra West is about 2 km from Bandra station, and Mahim has established local hospitals including New Ratna Hospital on Sitladevi Temple Road in Mahim West.
The area's residential market is well established. Average apartment rates in Mahim West stood at around ₹49,400 per sq ft on a carpet basis in the July to September 2026 quarter, and prices have risen by about 25 per cent over the past ten years, according to 99acres data. Comparable Mahim West projects such as Prescon Midtown Bay have been listed at around ₹54,550 per sq ft.
About the developer
Raymond Realty Limited is the listed real estate arm of the Raymond group. The company's first project was launched in 2019, and its demerger from Raymond Ltd became effective on 1 May 2025. It reported revenue of ₹2,313 crore in fiscal 2025, a 45 per cent increase on the previous year. The company holds about 100 acres of owned land and eight joint development agreements, with an estimated gross development value of approximately ₹52,000 crore across its portfolio.
What comes next
The launch of Mahim 1 is planned for the second half of FY2027, when the company intends to bring its Mahim projects to market. Buyers interested in the project can follow the details on the Raymond Realty Mahim 1 project page as the launch approaches.