Raymond Realty Launches ₹5,000 Crore Luxury Residential Project in Wadala: Key Highlights
- ₹5,000 crore revenue potential: Raymond Realty unveils The Address by GS, Wadala, a premium residential redevelopment on a 5.62-acre land parcel.
- Luxury high-rise development: Project features 31-storey towers with 2 & 3 BHK luxury residences, supported by extensive lifestyle and wellness amenities.
- Integrated lifestyle ecosystem: Includes 10,500 sq ft of high-street retail, 1.7 lakh sq ft recreational zone, and a 45,000 sq ft clubhouse with premium facilities.
- Strategic connectivity advantage: Excellent access to Eastern Freeway, MTHL, monorail, and upcoming Metro Lines 4 & 11, enhancing appeal for BKC, Lower Parel and South Mumbai professionals.
Raymond Realty, the Mumbai, based and publicly traded real estate developer, has unveiled a luxury residential redevelopment project in Wadala, Mumbai, that is expected to generate revenues of around 5, 000 crore. As per the company's statement in a regulatory filing, the project called 'The Address by GS, Wadala' is coming up on a 5.62 acre piece of land.
Raymond Realty has revealed that the construction will consist of 31, storey towers housing premium 2 and 3, BHK luxury apartments. Alongside residential units, the project will have around 10, 500 sq ft of high street retail, a recreational zone of nearly 1.7 lakh sq ft, and a clubhouse of 45, 000 sq ft. Facilities available will include a swimming pool, lounge deck, golf simulator, mini theatre, badminton and squash courts, bowling alley, banquet spaces, and various social and wellness areas.
“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,” said Harmohan Sahni, CEO of Raymond Realty.
Sahni 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, which means it meets all the regulatory norms. As far as connectivity goes, the location provides easy access to the Eastern Freeway and the Mumbai Trans Harbour Link (MTHL), which means one can get to the business districts and the airport in no time. Moreover, the project's proximity to the monorail and the upcoming Metro Lines 4 and 11 will further facilitate multi-modal commute.
Consequently, Wadala turns out to be an excellent choice for the professionals from BKC, Lower Parel, and South Mumbai, as well as for the high, net, worth individuals and investors who are on the lookout for high, growth real estate micro markets.
Wadala, Mumbai – Emerging Residential Hub with Strong Growth Potential
Located in the downtown area of Mumbai, Wadala, also known as a part of Mumbai, has become famous as one of the most in-demand residential locations in the whole city. With an area of 6.52 sq km and a capacity holding 143,064 people, this location offers a decent life in an urban setting and a lot of amenities. With 74, 526 males and 68, 538 females in the total population, this region is home to an active crowd. Being just slightly over six kilometers away from Chhatrapati Shivaji International Airport, this region is highly favorable for both corporate and traveling purposes.
Connectivity would undoubtedly be one of the best features of this region, as this region is very closely connected to Mumbai, with its MMM Mumbai Matunga railway station being just 1.37 kilometers away, and proper roads and accessible business areas make traveling completely easy and risk-free.
Key Amenities at a Glance:
Close proximity to business districts and commercial hubs.
Popular retail and food outlets such as Metro, Monginis, Domino’s Pizza, and Café Coffee Day.
-
Availability of reputed schools and hospitals nearby.
-
Vibrant markets and commercial centers catering to everyday lifestyle needs.
Real estate in Wadala has seen steady growth over the past five years. As per, aurumproptech.in, property prices have appreciated by around 20%, with the average price per square foot at ₹27,155, and a range of ₹19,857–₹34,444. This trend highlights the strong demand for homes and the promising potential for long-term investment.
Raymond Realty also highlighted its Sustainability component and the fact that the venture satisfies the norms of the Indian Green Building Council (IGBC). The best part of all of this is the company's commitment to the concept of Green construction, along with the development of elite property.
This is one of the projects being pursued by Raymond Realty through which the company is actually implementing its broad strategy of erecting large lifestyle ecosystems while at the same time strengthening their footprint in growing cities. The company is integrating high-rise residential, retail, recreation, and connectivity as a means of catering to the shifting desire of end-users as well as investors.
With The Address by GS, Wadala, Raymond Realty has further underlined its position in the Mumbai luxury residential market and indicated confidence in demand for real estate in the city, especially in the well-connected micro-markets. It is expected to drive growth on both revenue and brand value fronts in line with the developer's long-term vision of expansion through disciplined and sustainable development in India's very competitive property sector.
