MUMBAI – Raymond Realty, the real estate arm of the iconic Raymond Group, has officially announced its latest venture into the heart of Central Mumbai. The company is set to develop a sprawling 5.6-acre land parcel in Wadala, marking a significant milestone in its urban expansion strategy.
The new residential redevelopment project is estimated to have a revenue potential of approximately ₹5,000 crore, signaling a high-stakes commitment to one of Mumbai’s most rapidly transforming neighborhoods.
A new standard for urban living
The project is designed to cater to the growing demand for high-quality housing in the city. According to official reports, the development will feature a mix of premium 2-BHK and 3-BHK residences. These homes are aimed at modern families and professionals who seek a balance between luxury and functionality.
In addition to the residential towers, the plan includes high-street retail spaces. This integration of shopping and dining within the residential complex follows the modern trend of “walk-to-everything” lifestyles, allowing residents to access daily necessities and entertainment without leaving their immediate neighborhood.
Strategic growth in Central Mumbai
The choice of Wadala is no coincidence. Once known primarily for its industrial roots, Wadala has emerged as a premium residential hub due to its central location. It serves as a vital link between South Mumbai, the Eastern Suburbs, and the Thane district.
With the expansion of the Eastern Freeway, the Monorail, and upcoming Metro connectivity, the Raymond Realty Wadala project is positioned in a “sweet spot” for commuters working in major business districts like BKC or Lower Parel.
Management insight
Mr. Harmohan Sahni, CEO of Raymond Realty, expressed confidence in the project’s impact on the company’s portfolio. He noted that this development strengthens their “asset-light” expansion model, a strategy where the company focuses on development expertise and brand value to create high-end projects efficiently.
“This development significantly strengthens our long-term value creation pipeline,” Sahni stated, highlighting that the project is a key part of the company’s broader goal to deliver 10 million square feet of space across the Mumbai Metropolitan Region (MMR).
Expanding a trusted legacy
While the Raymond brand has been a household name in fashion for decades, its real estate division has quickly built a reputation for timely delivery and quality construction. To date, the developer has delivered over 5,500 homes.
As the Raymond Realty Wadala project moves into its development phase, it is expected to draw significant interest from homebuyers looking for a trusted brand name in a prime Mumbai location. The project stands as a testament to the company’s evolution from “The Complete Man” to building “The Complete Home.”
Also read – Real estate giant set to transform Thane with massive new housing project
Disclaimer: This article is for informational purposes only and does not constitute financial or real estate advice. Readers should verify all project details and RERA registrations before making any investment.
Source – ET Realty
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