Raymond Realty Bets Big on Central Mumbai With ₹5,000 Crore Wadala Housing Project

Raymond Realty has entered the central Mumbai residential market with the launch of The Address by GS, Wadala, its most ambitious project to date, with an estimated revenue potential of ₹5,000 crore.

Spread across a 5.62-acre land parcel, the luxury development marks a strategic expansion beyond Raymond Realty’s established presence in Thane and select Mumbai micro-markets, as the company pushes deeper into premium residential corridors.

The project will be developed under an asset-light Joint Development Agreement (JDA) model, aligning with Raymond Realty’s broader strategy of scaling through partnerships while limiting capital intensity.

Harmohan Sahni, CEO of Raymond Realty, said the Wadala launch represents a decisive milestone in the company’s ambition to expand beyond established luxury clusters.

High-rise towers, retail integration, and large lifestyle footprint

The Address by GS, Wadala will feature 31-storey towers with premium 2BHK and 3BHK residences, alongside 10,500 sq ft of high-street retail.

The development also includes around 1.7 lakh sq ft of recreational space, including a 45,000 sq ft clubhouse, as developers increasingly compete in Mumbai’s premium segment through lifestyle-led amenities.

Raymond Realty said the project is RERA registered and aligned with IGBC sustainability standards.

Connectivity tailwinds support Wadala momentum

The launch comes as Wadala attracts renewed interest amid large infrastructure upgrades in the Mumbai region, including improved road connectivity and upcoming metro projects.

Industry observers point to Wadala’s evolving role as a central Mumbai connector market, benefiting from multi-modal transit linkages and proximity to established commercial nodes.

While price levels vary significantly across micro-markets and projects, market trackers indicate Wadala residential rates have firmed up over recent years, with premium inventory commanding higher valuations.

Builds on ₹14,000 crore JDA pipeline

The Wadala launch follows Raymond Realty’s December 2025 ultra-luxury Mumbai launch, Invictus by GS, BKC, which carries an estimated ₹2,000 crore revenue potential.

Together, these projects form part of Raymond Realty’s larger ₹14,000 crore JDA pipeline, which the company expects to become a major driver of growth over the next few years and support its target of reaching ₹4,000 crore annual topline.

Summary

Raymond Realty has launched The Address by GS, Wadala, a premium central Mumbai housing project with an estimated ₹5,000 crore revenue potential, spread across 5.62 acres. Built under an asset-light JDA model, the project strengthens Raymond’s premium pipeline, following its ₹2,000 crore Invictus by GS, BKC launch in Dec 2025 and supporting a broader ₹14,000 crore JDA portfolio.

FAQs 

Q1: What is the revenue potential of the Wadala project?

Raymond Realty estimates the project’s gross development value/revenue potential at ₹5,000 crore.

Q2: What is the development model?

It is being developed via an asset-light JDA model, where the developer partners with landowners, lowering upfront land acquisition costs.

Q3: What are the project specifications?

The project spans 5.62 acres, includes 31-storey towers, and integrates retail and recreational infrastructure including a 45,000 sq ft clubhouse.

Q4: What is the status of Raymond’s BKC project?

Raymond launched Invictus by GS, BKC in Dec 2025, with an estimated revenue potential of ₹2,000 crore. 

Q5: Why is Wadala emerging as a premium micro-market?

Because of improving multi-modal connectivity and proximity to key business districts, driving demand for larger lifestyle-driven homes.