Raymond Wadala
Mumbai
Raymond Wadala Mumbai is the latest residential offering by Raymond Realty marking a significant expansion into one of Mumbai’s most promising urban locales. This project developed under a joint venture by Raymond’s wholly owned subsidiary Ten X Realty East Ltd is set to redefine luxury living in Wadala, Mumbai. The estimated gross development value is approximately Rs. 5,000 crore. This project marks Raymond’s first foray into the Wadala market further expanding its real estate portfolio in the Mumbai Metropolitan Region (MMR). It reinforces its position as a leading developer in the city’s high-demand residential segment.
Wadala is becoming one of the most desirable residential areas of Mumbai. Its strategic location provides good connectivity to principal business centers, educational centers, healthcare services and entertainment complexes. The location is serviced by good highways, rail and future metro rail lines making workaday travels easily accessible. Wadala's combination of developed infrastructure and current city development makes it more attractive to families and professionals.
The Development spans numerous acres of land where multiple residential towers grow towards several storeys high. Every tower features precise planning that provides apartments in several configuration options to match distinct family needs and residential preferences. The property features both 2 BHK units with thoughtful design and masterfully built 3 BHK units with rooms that offer expansive living space. Possession is expected to commence in the coming months with the exact date to be announced soon.
The interior of that apartments showcases a perfect combination of functionality and beauty. Every apartment is designed with precision with spacious floor plans, high-end finishes and quality materials. The architecture focuses on open spaces and natural light to provide an atmosphere of peace and comfort. Contemporary fixtures and fittings accompany the modern design to ensure that every home is stylish as well as functional.
The Wadala real estate market has seen a consistent growth over the last several years. The current rates of property in the location vary between Rs. 15,000 and Rs. 35,975 per sqft based on the location and facilities provided. Real estate properties in the area range between Rs. 35,975 and rs. 45,704 per sqft depending on their quality in Raymond Wadala Mumbai. The area's favorable location along with ongoing infrastructure improvements has boosted local residents' interest in premium homes.
Wadala is also witnessing revolutionary infrastructure development making it a future residential and commercial hub. Some of the major projects are the 2019-approved Transit Oriented Development (TOD) master plan that brings together metro lines, bus depots and upgraded road networks to maximize connectivity. The Wadala Central Business District (CBD), planned by MMRDA will introduce 40 million sq. ft. of commercial, retail and high-rise residential spaces alongside cultural venues and public plazas.
Metro Line 4 and its depot are central to the area’s connectivity complementing the existing Monorail and proposed Mumbai Trans Harbour Link access. The Eastern Freeway together with the upcoming ISBT will enhance both local and inter-city transit. The projects are part of MMRDA's mission to reproduce Bandra-Kurla Complex success through Wadala's prime geographical position linking Mumbai's airports with the city's business zones to the south.
The revised Development Control Regulations (DCRs) permit an FSI of 4.00 encouraging high-density mixed-use developments. This framework supports the rise of modern commercial hubs with green spaces and tech-ready office complexes attracting businesses and residents in Raymond Wadala in Mumbai.
Wadala is one of the unique residential locations in Mumbai because of its prime central location, strong connectivity and high-speed infrastructure growth. As compared to prim luxury neighborhoods like Bandra, Juhu or Lower Parel, Wadala provides a perfect mix of residential calmness and commercial energy. The Project renders it desirable for both home buyers and investors in search of high returns.
Connectivity is one of its strong points—Wadala has good road, rail, monorail and future metro line connectivity with fast access to business centers such as Bandra-Kurla Complex (BKC), Lower Parel and South Mumbai. Being close to the Eastern Freeway, Monorail and future projects like the Mumbai Trans Harbour Link only adds to its strengths. This level of connectivity is on par with or better than many other prime localities.
Social infrastructure in Wadala is strong with well-known educational facilities (like Veermata Jijabai Technological Institute and Khalsa College), hospitals, shopping malls and entertainment zones in close proximity. Raymond Wadala Mumbai has green areas and parks available too which is not common to find in the dense urban landscape of Mumbai. The current property market rates in Wadala display competitive pricing against Chembur and Parel rates varying between rs. 28,000 to rs. 38,000 per square foot with annual growth of 5-7%. New residential development projects along with improved infrastructure have contributed to substantial value growth in the area and generated attractive real estate investment returns.
| Unit Type | SIZE (SQ.FT.) | Rate |
|---|---|---|
| 2 BHK | On Request | |
| 3 BHK | On Request |
