Raymond Realty has introduced Invictus by GS, BKC, an ultra-luxury residential project in Mumbai’s Bandra Kurla Complex, with a projected revenue potential of Rs 20 billion. Spanning 2 acres, the upscale development is being executed under a redevelopment model and will comprise six towers featuring 23 habitable floors along with four basements. The project also integrates sustainability features aligned with IGBC standards while offering strong connectivity to south, central and Navi Mumbai, the company said.

Harmohan Sahni, chief executive officer, Raymond Realty, said: “The launch of Invictus by GS, BKC is a strategic milestone that marks our structural pivot into the ultra-luxury segment, unlocking a revenue potential of over Rs 20 billion from this project alone.” He added that the development forms a key pillar of the company’s Rs 140 billion joint development agreement (JDA) portfolio and is central to its annual topline target of Rs 40 billion.

The project is part of six JDAs signed across Bandra, Mahim, Sion and Wadala, collectively valued at Rs 140 billion. Additional JDA opportunities are currently being assessed. Raymond expects JDAs to contribute half of its annual pre-sales by FY28, up from 22 per cent in FY25.

In Q2 FY26, the company booked Rs 4.55 billion, a 19.3 per cent year-on-year decline, driven by sales at Ten X Era in Thane and The Address by GS in Bandra. Net profit, however, surged to Rs 600.2 million from Rs 40.92 million a year earlier, while revenue rose 207.9 per cent year-on-year to Rs 6.96 billion. Sahni attributed the strong performance to efficient execution and healthy demand.