Bengaluru, Aug. 10 -- Raymond Realty Ltd, the listed real estate arm of Raymond Group, is stepping up its expansion beyond Thane, counting on the booming redevelopment opportunities in the Mumbai Metropolitan Region (MMR) to drive its next phase of growth.

The developer will launch two redevelopment projects in the financial year 2027, both in the Mahim area, with a combined gross development value (GDV) of Rs.4500 crore.

Raymond Realty, which currently has four such projects under development, recently signed two more redevelopment projects in Mumbai's Parel and Kandivali locality, with Rs.8500 crore and Rs.3000 crore of GDV, respectively. The group owns 100 acres of legacy land in Thane.

Redevelopment remains central to Mumbai's real...