Mumbai-based Raymond Realty has announced the launch of a premium residential redevelopment project in Wadala, Mumbai, with an estimated revenue potential of ₹5,000 crore. Titled ‘The Address by GS, Wadala’, the RERA-approved project will be developed on a 5.62-acre land parcel and marks a strategic expansion beyond the company’s established luxury micro-markets, strengthening its long-term growth pipeline through an asset-light development model.

“… The project carries an estimated revenue potential of ₹5,000 crore…,” the company said.

It did not mention the total number of apartments in this project, nor did it disclose the project cost, according to a report by The Hindustan Times.

According to the company, the development features 31-storey towers offering premium 2- and 3-BHK luxury residences, along with 10,500 sq ft of high-street retail space. The project will have a recreational area spanning approximately 1.7 lakh sq ft and a clubhouse of 45,000 sq ft, the company said.

The project will include amenities such as a pool, a lounge deck, a golf simulator, a mini theatre, badminton and squash courts, a bowling alley, banquet spaces, and multiple social and wellness zones.

“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,” Harmohan Sahni, CEO of Raymond Realty, said.

“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,” Sahni said.

According to the company, the project is RERA-approved. The company said that from a connectivity standpoint, the project offers access to the Eastern Freeway and the Mumbai Trans Harbour Link (MTHL), enabling rapid connectivity to business districts and the airport across the harbour.

According to the company, the project will be located close to the monorail and the upcoming Metro Lines 4 and 11, further enhancing multi-modal mobility, making the location especially attractive for professionals working in BKC, Lower Parel and South Mumbai, as well as HNIs and investors seeking high-growth rental micro-markets. The project is also aligned with Indian Green Building Council (IGBC) sustainability standards, the company said.