Raymond Realty, a Mumbai-based real estate developer, announced on January 21 the launch of a residential redevelopment project named 'The Address by GS, Wadala'. Located in Wadala, Mumbai, this project has a revenue potential of ₹5,000 crore, which is spread across a land parcel of 5.62 acres.

• According to the company, The Address by GS, Wadala is a 31-storey tower with apartment configurations of 2BHK and 3BHK units.
• The company said that the project is RERA-approved.
• This luxury housing project will also feature a high-street retail space of 10,500 sq ft.
• To provide a lifestyle filled with comfort and luxury, the project will offer multiple amenities including approximately 1.7 lakh sq ft of recreational area as well as a clubhouse of 45,000 sq ft.
• Designed with environmental responsibility in mind, the project meets the Indian Green Building Council (IGBC) sustainability standards.

The project will offer multiple amenities to its residents to cater to their demands and preferences for a sophisticated lifestyle. The amenities include:

• Swimming pool
• Mini theater
• Lounge deck
• Bowling alley
• Badminton and squash courts
• Golf simulator
• Banquet spaces
• Several social and wellness zones

Wadala offers seamless connectivity to the Mumbai Trans Harbour Link (MTHL), the Eastern Freeway and access to business districts and the airport. Being in close proximity to the upcoming Metro Lines 4 and 11 as well as the monorail, it eases the commute for professionals working in the BKC, Lower Parel and South Mumbai, and investors and HNIs seeking strong investment opportunities.

Harmohan Sahni, the CEO of Raymond Realty, said that with well-established connectivity and focus on large-format lifestyle ecosystems, they aim to drive strong market demand and maintain profitable investor returns.

Raymond Realty aims to broaden its horizon by defining Mumbai's future growth corridors and expanding its footprint outside established luxury micro-markets. With the launch of this new project, the company's goal is to strengthen its long-term value creation pipeline while reinforcing their asset-light expansion model.

Harmohan Sahni said that the company's objective is to compound growth with execution excellence and disciplined capital deployment by expanding their presence in high-quality urban locations.