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Raymond Realty has launched a new housing project called 'The Address by GS, Wadala' in Mumbai. The RERA-approved project will be built on 5.62 acres and is expected to generate ₹5,000 crore in revenue.
Mumbai: Raymond Realty has launched a new luxury residential project in Wadala, Mumbai, with an estimated revenue potential of ₹5,000 crore. Named The Address by GS, Wadala, the project will be developed on a 5.62-acre land parcel, the company said in a regulatory filing.
The launch marks Raymond Realty's expansion into one of Mumbai's fast-growing residential locations. However, the company has not yet announced the total number of apartments or the overall project cost.
According to the company, The Address by GS, Wadala will feature 31-storey residential towers offering premium 2 BHK and 3 BHK luxury apartments.
The development will also include 10,500 sq ft of high-street retail space, giving residents easy access to shopping and everyday conveniences within the project.
The project has been designed with a strong focus on lifestyle and community living. It will offer nearly 1.7 lakh sq ft of recreational space along with a 45,000 sq ft clubhouse.
Residents will have access to several modern amenities, including:
These facilities are aimed at providing a premium living experience for homebuyers.
Raymond Realty said the project enjoys excellent connectivity to several key parts of Mumbai.
The development is located close to the Eastern Freeway and the Mumbai Trans Harbour Link (MTHL), making travel to major business districts and the airport more convenient.
It also offers easy access to the Monorail and the upcoming Metro Lines 4 and 11, improving public transport connectivity.
Because of its location, the project is expected to attract professionals working in BKC, Lower Parel, and South Mumbai, along with investors looking for properties in high-growth rental markets.
The company said the project is RERA-approved and follows Indian Green Building Council (IGBC) sustainability standards.
The green building features are expected to support energy-efficient and environmentally responsible development.
Commenting on the launch, Harmohan Sahni, CEO of Raymond Realty, said the Wadala project is an important step in the company's expansion strategy.
He said the project is expected to generate more than ₹5,000 crore in revenue and will strengthen Raymond Realty's long-term growth pipeline.
According to Sahni, Wadala's strategic location, excellent connectivity, and growing infrastructure make it an attractive destination for both homebuyers and property investors. He added that the company will continue expanding its portfolio across premium urban locations while maintaining a strong focus on quality execution and disciplined growth.
With its premium homes, modern amenities, and excellent connectivity, The Address by GS, Wadala, is expected to become one of Raymond Realty's key residential developments in Mumbai.
