Raymond Mahim 3 Acres: Pre-Launch Tower in Mahim Takes Shape on Paper

Where the project stands

As of 1 November 2026, third-party project pages list Raymond Mahim 3 Acres as pre-launch. Those pages record no launch date, no bookings and no published price list. The developer has not named this project in its own guidance.

In its Q2 FY27 update dated 5 October 2026, Raymond Realty said two joint development projects in Mahim were planned for launch in the current financial year. A management call on 28 October 2026 pointed to one Mahim launch in Q3 FY27 and another in Q4 FY27. Neither statement names the project. The company's Q2 update gave the gross development value of the first Mahim project as about ₹1,800 crore, with 0.41 million sq ft of RERA carpet area, and the second as about ₹2,300 crore, with 0.39 million sq ft.

A February 2025 news report said Ten X Realty West Limited, a Raymond Realty subsidiary, had signed a joint development agreement for a Mahim West residential project with revenue potential of about ₹1,800 crore. Third-party pages describe Raymond Mahim 3 Acres as a redevelopment of an existing housing society in Mahim West, but the developer has not confirmed that link for this project.

Project scale and layout

Third-party pages describe one tower of 31 floors with three wings. Each wing has three or four apartments per floor. The ground level is a double-height lobby, with two podium levels above it. Clubhouse facilities are described on the two top floors, with an infinity pool on the 31st floor and internal amenities on the 30th.

The pages list the following amenities: swimming pool and kids' pool, gymnasium, yoga and meditation pod, amphitheatre, mini theatre, cafeteria, skating rink, step garden, kids' play area, multipurpose court, jogging and cycling track, landscaped gardens, library and reading lounge, and senior citizen sit-out areas. These details come from unofficial pre-launch pages and have not been confirmed by the developer.

Green features described include rainwater harvesting, a sewage treatment plant, solar-powered common lighting, waste management and EV charging points. Security is described as 24/7 CCTV, gated access and smart card entry.

Units and prices

Third-party price tables dated 1 November 2026 list two unit sizes for 3 BHK and one for 4 BHK, all in carpet area:

The indicative rate is about ₹68,370 per sq ft. Pages describe it as expected or recorded and say it will be reconfirmed at launch. Every room is described as having a balcony. Some unofficial pages also list 2 BHK units, without a size.

Specifications on unofficial pages include vitrified tiles in living and dining areas, wooden flooring in master bedrooms, a modular kitchen with granite countertop, and UPVC sliding windows with mosquito mesh. Brand details on sanitaryware are from these pages and have not been confirmed by the developer.

RERA and possession

MahaRERA registration is shown as pending on third-party pages as of 1 November 2026. The project therefore has no RERA-registered possession date yet. Third-party pages give March 2032 as the developer's possession date. One unofficial microsite shows a different RERA number and a December 2027 date. That microsite is not an official record and is not used here.

No construction stage is reported. The project is at pre-launch stage.

The developer

Raymond Realty was established in 2019 as part of the Raymond Group, which traces its legacy to 1925. The company was demerged from Raymond Ltd and listed on BSE and NSE from July 2025. Its projects span Thane and several Mumbai localities, including Bandra, BKC, Wadala, Sion, Mahim, Kandivali and Parel.

For Q2 FY27 (July to September 2026), the company reported pre-sales of ₹902 crore, up 98% year on year, and collections of ₹682 crore, up 67%. H1 FY27 pre-sales were ₹1,602 crore. Net debt stood at ₹914 crore as of 30 September 2026, against gross borrowings of ₹1,220 crore. CARE rated the company A+ with a stable outlook. These figures are company provisional data.

Raymond Realty says it delivers ahead of RERA timelines. That is a company claim. It cites Ten X Habitat Phase 1 in Thane, delivered two years ahead of its RERA deadline, and The Address by GS, Tower B, which received an occupation certificate for 270 units in Q2 FY27, about 18 months ahead of its March 2028 RERA completion date.

Location and infrastructure

Mahim sits between the Western Express Highway and the Bandra-Kurla area. Third-party listings name the Versova-Bandra Sea Link as the nearest upcoming road project, about 2.2 km away, due in 2028. The Mahim-Bandra East flyover, between Senapati Bapat Marg and Kalanagar junction across the Mithi River, is proposed at an estimated cost above ₹220 crore. Its tender was reissued after earlier bids failed.

• Metro Line 3 (Aqua Line): Aarey to Cuffe Parade has been operational since 2025, with the BKC section open since October 2024.
• Metro Line 2B: runs from DN Nagar to Mankhurd via Bandra and Kurla. It was in advanced testing at the time of the source report, with the full corridor expected by 2027.
• Metro Line 4: Gaimukh to Bhakti Park in Wadala is under construction, with completion expected in December 2028.
• Mumbai Coastal Road: Phase 1, from Marine Drive to Worli, is operational. The northern phase up to Dahisar is under way.
• Mumbai-Pune Expressway missing link: was scheduled for completion in March 2026.

Local market context

Third-party price data dated 1 November 2026 puts the Mahim resale median at ₹62,500 per sq ft across 37 listings. A separate median asking rate across 23 listings is ₹57,895 per sq ft. The Mahim price index, covering 32 listings in November 2026, shows a median asking rate of ₹58,590 per sq ft, up 0.4% month on month, after ₹58,381 in October 2026 and ₹58,780 in September 2026.

Rents are reported at about ₹258.6 per sq ft per month, a gross yield of 5.0% on resale value. A separate median asking rent is about ₹219 per sq ft per month.

Nearby projects give a reference point. Midtown Bay by Prescon in Mahim is listed at ₹65,100 per sq ft, with possession in December 2027. Premium Mahim launches are quoted between ₹55,900 and ₹65,068 per sq ft across four projects. Verona by Adriana Constructions in Mahim, registered under MahaRERA P51900079290 with 157 units, has a proposed possession date of December 2029.