January 28, 2026: Raymond Realty, the Mumbai-based listed real estate developer, has announced the launch of a large-scale residential redevelopment project in Wadala with an estimated revenue potential of around Rs 50 billion. 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 development will comprise 31-storey towers offering premium two- and three-bedroom luxury residences. In addition to residential units, the project will feature about 10,500 sq ft of high-street retail space. Residents will also have access to expansive lifestyle and leisure facilities, including a recreational area of nearly 170,000 sq ft and a clubhouse spread across approximately 45,000 sq ft. The company has not disclosed the overall project cost or the total number of apartments planned.
Positioned as a large-format lifestyle residential ecosystem, the project will offer a wide range of amenities such as a swimming pool, lounge deck, golf simulator, mini theatre, badminton and squash courts, a bowling alley, banquet facilities, and multiple social and wellness zones.
Commenting on the launch, Harmohan Sahni, Chief Executive Officer of Raymond Realty, said the project represents a strategic step towards expanding beyond established luxury micro-markets and actively participating in the development of Mumbai’s emerging growth corridors. He added that the estimated revenue potential strengthens the company’s long-term value creation pipeline while reinforcing its asset-light expansion strategy.
The project has received approval under the Real Estate Regulatory Authority (RERA) framework and is aligned with sustainability benchmarks set by the Indian Green Building Council. In terms of connectivity, the site offers access to the Eastern Freeway and the Mumbai Trans Harbour Link, providing faster links to major business districts and the airport across the harbour.
The development is also located near the monorail and the upcoming Metro Lines 4 and 11, improving multi-modal connectivity. This enhanced accessibility is expected to attract professionals working in Bandra Kurla Complex, Lower Parel and South Mumbai, along with high-net-worth individuals and investors targeting high-growth rental micro-markets. The launch highlights Raymond Realty’s focus on scaling its Mumbai portfolio through disciplined capital deployment and execution-driven growth.
