Raymond Realty Launches ₹5,000 Crore Residential Project in Mumbai's Wadala
Mumbai-based, listed real estate developer Raymond Realty announced the launch of a residential redevelopment project in Wadala, Mumbai, on January 21. The project, titled ‘The Address by GS, Wadala’, is expected to generate a revenue potential of ₹5,000 crore. The development will be constructed on a 5.62-acre land parcel, as stated in a regulatory filing by the company.
The project will comprise 31-storey towers offering premium 2- and 3-BHK luxury residences, along with 10,500 square feet of high-street retail space. The residential complex will feature a recreational area spanning approximately 1.7 lakh square feet and a clubhouse of 45,000 square feet.
Residents will have access to a wide range of amenities, including a pool, a lounge deck, a golf simulator, a mini theatre, badminton and squash courts, a bowling alley, banquet spaces, and multiple social and wellness zones. These facilities are designed to provide a luxurious living experience and cater to the diverse needs of residents.
Harmohan Sahni, CEO of Raymond Realty, commented on the launch, stating, “The Address by GS, Wadala represents a significant 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.”
Wadala’s central connectivity, combined with the company’s focus on large-format lifestyle ecosystems, positions this project to attract strong end-user demand and deliver sustained investor returns. The project is strategically located near the Eastern Freeway and the Mumbai Trans Harbour Link (MTHL), providing rapid access to business districts and the airport. Additionally, the project is close to the monorail and the upcoming Metro Lines 4 and 11, further enhancing multi-modal mobility.
The project is RERA-approved and aligned with Indian Green Building Council (IGBC) sustainability standards, ensuring environmental responsibility and long-term value. The location is particularly attractive for professionals working in BKC, Lower Parel, and South Mumbai, as well as high-net-worth individuals (HNIs) and investors seeking high-growth rental micro-markets.
Raymond Realty’s commitment to sustainability and strategic location selection underscores its vision to create high-quality urban living spaces that meet the evolving needs of modern residents. The launch of The Address by GS, Wadala is a testament to the company’s dedication to excellence and its strategic expansion in key growth areas of Mumbai.
