# Raymond Realty targets ₹4500 crore redevelopment in Mahim 2026-08-10T15:18:25+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Raymond Realty Ltd, the real estate arm of Raymond Group, will launch two redevelopment projects in Mumbai's Mahim area in FY2027 with a combined gross development value of ₹4500 crore. The company recently signed two more projects in Parel and Kandivali, worth ₹8500 crore and ₹3000 crore respectively. It follows an asset-light model, developing projects through joint development agreements. In Thane, Raymond Realty has 65 acres under development with a revenue potential of ₹16,500 crore. Sales bookings in the June quarter reached ₹700 crore, up 129% from the year-ago period, with only 36% from Thane. ## Coverage - livemint.com This story was synthesised by AI from the source linked above. Tags: gross development value, joint development agreement, Mumbai redevelopment, Raymond Realty, real estate, Thane Canonical: https://indianopinion.org/raymond-realty-targets-rs4500-crore-redevelopment-in-mahim/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/raymond-realty-targets-rs4500-crore-redevelopment-in-mahim/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes. How this brief was made: an AI model read the report linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/