StockWatch
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Residential- Commercial Projects
Business Update3 Jun 2026, 03:00 pm

Modis Navnirman Secures Khar West Redevelopment Worth ₹250 Cr

AI Summary

Modis Navnirman Limited has been appointed as the developer for the redevelopment of Neel Kiran Co-operative Housing Society Ltd. in Khar West, Mumbai. This project is expected to add approximately ₹250 crore to the company's Gross Development Value (GDV) pipeline. The appointment signifies an expansion into a premium residential market for Modis Navnirman, reinforcing its focus on urban renewal and creating value through redevelopment projects. The project is subject to definitive documentation and regulatory approvals.

Key Highlights

  • Secured redevelopment mandate for Neel Kiran CHSL in Khar West.
  • Project expected to add ₹250 crore to GDV pipeline.
  • Expands presence in Mumbai's premium redevelopment segment.
  • Focus on urban renewal and enhancing resident quality of life.