Raymond Realty Launches ₹5,000 Crore Luxury Project in Wadala, Mumbai

Raymond Realty, a leading real estate developer based in Mumbai, has announced the launch of a luxury residential redevelopment project in Wadala, expected to generate revenues of approximately ₹5,000 crore. The project, named 'The Address by GS, Wadala,' is being developed on a 5.62-acre land parcel and is set to redefine luxury living in the area.

The Address by GS, Wadala, will consist of 31-storey towers featuring premium 2 and 3 BHK luxury apartments. The development will also include 10,500 sq ft of high-street retail, a recreational zone of nearly 1.7 lakh sq ft, and a 45,000 sq ft clubhouse. The clubhouse will offer a range of facilities, including a swimming pool, lounge deck, golf simulator, mini theatre, badminton and squash courts, bowling alley, banquet spaces, and various social and wellness areas.

Harmohan Sahni, CEO of Raymond Realty, commented, “The launch of The Address by GS, Wadala, represents a decisive step in our strategy to expand beyond established luxury micro-markets and actively shape Mumbai’s next growth corridors. With an estimated revenue potential of over ₹5,000 crore, this development significantly strengthens our long-term value creation pipeline while reinforcing our asset-light expansion model.”

Sahni further added, “Wadala’s central connectivity, combined with our focus on large-format lifestyle ecosystems, positions this project to deliver strong end-user demand as well as sustained investor returns. As we continue to scale our portfolio across high-quality urban locations, our objective remains clear: to compound growth with execution excellence and disciplined capital deployment.”

The project has been RERA approved, ensuring compliance with regulatory norms. Located in a strategic area, Wadala offers excellent connectivity with easy access to the Eastern Freeway, Mumbai Trans Harbour Link (MTHL), monorail, and the upcoming Metro Lines 4 and 11. This makes it highly convenient for professionals from BKC, Lower Parel, and South Mumbai, as well as high-net-worth individuals and investors looking for high-growth real estate markets.

Wadala, a part of downtown Mumbai, has emerged as one of the most sought-after residential locations in the city. Spanning 6.52 sq km and home to 143,064 people, the area offers a vibrant urban lifestyle with a plethora of amenities. Its proximity to Chhatrapati Shivaji International Airport, just over six kilometers away, makes it ideal for both corporate and travel purposes. The MMM Mumbai Matunga railway station, located just 1.37 kilometers away, and well-connected roads ensure easy and safe travel.

Key amenities in Wadala include close proximity to business districts and commercial hubs, popular retail and food outlets such as Metro, Monginis, Domino’s Pizza, and Café Coffee Day, and the availability of reputed schools and hospitals. Vibrant markets and commercial centers cater to everyday lifestyle needs, making Wadala a well-rounded residential hub.

Real estate in Wadala has experienced steady growth over the past five years. According to aurumproptech.in, property prices have appreciated by around 20%, with the average price per square foot at ₹27,155, ranging from ₹19,857 to ₹34,444. This trend underscores the strong demand for homes and the promising potential for long-term investment.

Raymond Realty has emphasized the project's sustainability component, ensuring compliance with Indian Green Building Council (IGBC) norms. The company's commitment to green construction aligns with its broader strategy of developing large lifestyle ecosystems while strengthening its footprint in growing cities. The integration of high-rise residential, retail, recreation, and connectivity aims to cater to the evolving needs of end-users and investors.

With The Address by GS, Wadala, Raymond Realty has further solidified its position in the Mumbai luxury residential market, demonstrating confidence in the city's real estate demand, especially in well-connected micro-markets. This project is expected to drive growth on both revenue and brand value fronts, aligning with the developer's long-term vision of expansion through disciplined and sustainable development in India's competitive property sector.