Raymond Realty was born from the Raymond Group — a textile and lifestyle house founded in 1925 — and since 2019 has applied the same manufacturing discipline of precise finishing and measured quality to residential construction. The company has built a track record of finishing projects ahead of RERA deadlines, and with its expanding portfolio of joint-development agreements and owned land, the gross development value of Raymond's real estate projects is set to approach ₹40,000 crore. Wadala East marks a deliberate push into central Mumbai — a geography the developer had not addressed before launching here.
Raymond Realty's current portfolio combines approximately ₹25,000 crore worth of development on its Thane land parcel with roughly ₹14,000 crore in joint-development agreements spanning Bandra, Sion, Mahim, and Wadala. The Wadala entry therefore sits alongside — not instead of — the developer's established Thane base, widening its footprint across the Mumbai Metropolitan Region's mid-ring.
The development is positioned off the Eastern Express Highway, near the Wadala Monorail Depot, spread across a 5.62-acre site and rising across 31-storey towers with 2 acres of dedicated recreational space and a clubhouse spanning 45,000 sq ft. The multi-tower structure rises to 3 basements, ground, one podium, an elevated deck, and 31 upper floors.
The project address is near the Wadala Monorail Depot, Pratiksha Nagar, Wadala East, Mumbai — with GTB Nagar at 2.2 km, the Eastern Freeway at 2.6 km, and Sion Railway Station at 2.9 km. Social infrastructure within easy reach includes Don Bosco High School, ORCHIDS The International School, Fortis SL Raheja Hospital, Baba Multispeciality Hospital, SIES College, Kohinoor Business Square, Nakshatra Mall, Peninsula Corporate Park, and Phoenix Palladium.
Raymond The Address by GS offers 2 BHK residences with carpet areas from 696 to 826 sq ft starting at ₹2.39 crore, and 3 BHK residences with carpet areas from 1,022 to 1,265 sq ft starting at ₹3.65 crore. The project offers spacious carpet areas that are relatively uncommon in a market where most developers have trended toward compact layouts. Each residence features a private deck — an element that adds light, ventilation, and outdoor comfort without extending the floor plate.
The amenity roster includes a swimming pool, pool deck lounge, lap pool, aqua zen jacuzzi, rooftop gym, rooftop yoga hut, meditation court, golf simulator, pickleball court, BBQ area, co-working space, children's play area, pet park, hammock zone, and walking track. Internal finishes include vitrified tiles in living areas, passage, kitchen, and bedrooms, with anti-skid tiles on the deck. The development integrates rainwater harvesting, solar-powered lighting, and eco-friendly waste management into its building systems.
The Address by GS Wadala carries MahaRERA registration numbers PR1170002501904 (Tower 2) and PR1170002501878 (Tower 3), with the site address at David S. Barretto Road, Wadala Village, Wadala, Mumbai, Maharashtra 400031. The Commencement Certificate has been issued for the project. RERA possession is targeted for December 2030.
Wadala stands out among Mumbai's micro-markets, with rising demand attributed to its central location and proximity to BKC and the Eastern Freeway. Its strategic positioning between South Mumbai and key business hubs, along with ongoing infrastructure development, supports long-term appreciation. For Raymond Realty, whose Thane projects already benefit from Eastern Express Highway access, Wadala East represents the same connectivity logic applied to a location closer to the city's commercial core.
Wadala East is connected via the Central Railway line, the Mumbai Monorail, and key road networks such as the Eastern Freeway; Metro Line 4, once operational, is expected to further enhance access to Thane and other parts of Mumbai. Metro Line 4 is a 32.32 km elevated corridor connecting Wadala to Kasarvadavali via Chembur, Ghatkopar, Bhandup, and Thane, with 32 stations including key interchanges at Ghatkopar and Thane.
The Mumbai Trans Harbour Link — India's longest sea bridge at 21.8 km connecting Sewri to Nhava Sheva, inaugurated in January 2024 — has a direct ripple effect on Sewri, Wadala, and Navi Mumbai. The MTHL is expected to boost property values in Sewri and Wadala by improving accessibility to Navi Mumbai's commercial and logistics zones.
Average listed property rates in Wadala East stand around ₹34,650 per sq ft, with flat values up 15.5% over the last three years and 25.5% over the last five years. Property prices in Wadala showed a rise of 8.84% in 2024 alone. The average rental yield in Wadala East is approximately 3%.
Within this market, Raymond The Address by GS occupies the upper band. The pricing positions Raymond's deck residences above mid-segment Wadala East stock and roughly in line with the micro-market's premium tier, where the brand carries an additional trust premium that a new-entrant developer would not have at a comparable price point.
Raymond Realty's broader portfolio spans township-scale and luxury high-rise projects, including Ten X Habitat and The Address by GS in Thane, and the ultra-luxury Invictus by GS in Bandra East. The company has received the Emerging Developer of the Year recognition at the Economic Times Real Estate Awards, and the Big Impact Creator in Ultra Luxury Project at the Big Impact Awards. Its entry into Wadala East through a joint-development agreement follows the same asset-light model used at Bandra, Sion, and Mahim — allowing it to scale rapidly while keeping overall leverage low.
Raymond Realty has negotiated joint-development agreements for six projects across Bandra, Mahim, Sion, and Wadala, together worth roughly ₹15,000 crore. For a buyer at The Address by GS Wadala, this context matters: the developer is not treating Wadala as a one-off site, but as part of a structured mid-ring strategy across central Mumbai's eastern arc.