Raymond Realty Launches 'The Address by GS, Wadala' — Premium Redevelopment with ₹5,000 Crore Revenue Potential
Raymond Realty Enters Central Mumbai with Wadala Redevelopment
On January 21, 2026, Raymond Realty announced the launch of The Address by GS, Wadala, a 5.62-acre redevelopment with an estimated revenue potential of ₹5,000 crore. The development features 31-storey towers with 2 and 3 BHK residences, along with approximately 1.7 lakh sq. ft. of recreational area and over 50 lifestyle amenities.
The project is RERA registered with numbers PR1170002501904 and PR1170002501878. The development also includes 10,500 sq. ft. of high-street retail space.
Strategic Location in Central Mumbai's Transformation
Wadala's monorail hub, Harbour Line connectivity, and upcoming Metro Lines 4 and 11 form a rare multimodal transit cluster that enhances commute efficiency. The Address by GS, Wadala boasts excellent connectivity, with seamless access to the Eastern Freeway, Mumbai Trans Harbour Link, Monorail, and upcoming Metro Lines 4 and 11.
Wadala's central position between South Mumbai, BKC, and Chembur has made it one of the most strategic zones for future-ready living. For buyers exploring luxury apartments in Mumbai, it now stands out as a location where long-term appreciation aligns with modern infrastructure.
Wadala's real estate market continues to command stable property values, with average rates in the ₹22,000–30,000 per sq ft range, positioning the area between mid-tier Chembur pricing and the upper-tier Sion-Matunga belt.
Urban Redevelopment in an Evolving Locality
Shaped by salt pans, dock-linked warehousing, and institutional campuses, Wadala carried an industrial identity for decades. It stayed in the background while neighbouring pockets like Dadar, Sion, and Chembur grew into established residential zones. That perception began to shift when large infrastructure projects and redevelopment plans started reshaping the area's role within MMR.
Wadala is home to several renowned institutions including Veermata Jijabai Technological Institute (VJTI), Institute of Chemical Technology (erstwhile UDCT), Vidyalankar Institute of Technology (VIT), South Indians' Welfare Society College, and SNDT Women's University. Schools, colleges, and coaching centers offer quality education, and several hospitals and medical centers are present, ensuring access to healthcare.
Raymond Realty's Expansion into Central Mumbai
Raymond Realty, since 2019, has envisioned spaces that carry purpose, where architecture embodies finesse and every experience is shaped with mindful precision. The company has a track record of finishing projects well before RERA deadlines, granting it top place in customer-trust surveys.
At Thane, the company has created various brands in each segment, such as aspirational (Ten X), premium (The Address by GS), and luxury (Invictus by GS), with all its projects positioned within these three brands. The Wadala launch marks Raymond Realty's expansion of The Address by GS brand into central Mumbai.
The project will be executed through its wholly-owned step-down subsidiary, Ten X Realty East Ltd, and represents Raymond's first foray into Wadala's real estate landscape. According to the company, this strategic initiative aligns with its broader growth objectives within MMR.
Amenities and Design
The project is designed to integrate expansive open spaces and curated leisure zones, enhancing both liveability and long-term asset value. The development's recreational infrastructure spans over 1.7 lakh sq. ft., providing residents with comprehensive lifestyle facilities across the 5.62-acre site.
The project's positioning within central Mumbai, combined with its multi-modal transit connectivity and established institutional ecosystem, positions it as a significant addition to the city's luxury residential market during a period of active redevelopment in the Wadala area.