Raymond Realty Launches ₹5,000 Crore Project in Central Mumbai
Filing Summary
Raymond Realty Limited has announced the launch of “The Address by GS, Wadala,” a residential redevelopment project in Central Mumbai. The project spans 5.62 acres and includes approximately 1.7 lakh square feet of recreational area. It is strategically connected to key transport links and offers 2 and 3 BHK residences along with high-street retail spaces. The estimated revenue potential for this development is ₹5,000 crore. The project aligns with Indian Green Building Council standards and is part of Raymond Realty’s strategy to expand its footprint in premium real estate markets.
Raymond Realty Limited has launched a new residential redevelopment project named “The Address by GS, Wadala” in Central Mumbai. This project is part of the company’s strategic expansion into centrally connected and evolving neighborhoods. The development covers a 5.62-acre land parcel and is designed to redefine luxury living in the area. The project is expected to generate an estimated revenue of ₹5,000 crore.
The financial scope of the project includes an estimated revenue potential of ₹5,000 crore. The development features a significant recreational area of approximately 1.7 lakh square feet. This area includes a clubhouse design covering 45,000 square feet and more than 50 lifestyle amenities. The project also offers high-street retail spaces, enhancing the convenience for residents and contributing to the neighborhood’s commercial activity.
The project offers spacious 2 and 3 BHK residences and is strategically connected to major transport links such as the Eastern Freeway, Mumbai Trans Harbour Link, Monorail, and upcoming Metro Lines 4 and 11. These connections provide seamless access to business districts and the airport, making the location attractive for professionals and investors. The development is aligned with Indian Green Building Council sustainability standards, reinforcing Raymond Realty’s commitment to responsible urban development.
Raymond Realty has rapidly emerged as a significant player in the Mumbai Metropolitan Region’s real estate market. The company has over 10 million square feet under development and has delivered more than 5,500 homes. The launch of “The Address by GS, Wadala” marks a strategic milestone in expanding the company’s footprint in central Mumbai. This project follows the recent launch of “Invictus by GS, BKC,” which marked the company’s entry into higher-value developments.
The project is RERA approved and features 31-storey towers. Key amenities include an expansive pool, golf simulator, mini theatre, badminton and squash courts, bowling alley, banquet spaces, and multiple social and wellness zones. Over 2 acres of dedicated recreational spaces offer a unique low-density luxury experience in central Mumbai.
Raymond Realty Limited is a rapidly growing real estate developer in India, part of the iconic Raymond Group. The company focuses on branded real estate development with a strong presence in the Mumbai Metropolitan Region. Since entering the real estate sector in 2019, Raymond Realty has positioned itself among the top 10 real estate players in the country, delivering projects characterized by superior design and timely execution.