Property4 Mar 2026, 05:22 pm
Modis Navnirman Secures X160 Crore Redevelopment Mandate in Mumbai
AI Summary
Modis Navnirman Limited, a fast-growing redevelopment-focused real estate developer, has been appointed as the developer for the redevelopment of New Chitra Co-operative Housing Society Ltd. in Mumbai. The project, spread across approximately 2,300 sq. meters, is expected to generate an estimated Gross Development Value (GDV) of approximately X 160 crore. The redevelopment will significantly enhance the quality of living for existing members and incorporate energy-efficient systems, rainwater harvesting, fire-safety enhancements, smart building technologies, and other green features.
Key Highlights
- Modis Navnirman Limited secures X160 crore redevelopment mandate in Mumbai.
- The project involves the redevelopment of one of the city’s earliest high-rise residential towers located in Kandivali West.
- The new tower will incorporate energy-efficient systems, rainwater harvesting, fire-safety enhancements, smart building technologies, and other green features.
- The project is expected to generate an estimated Gross Development Value (GDV) of approximately X 160 crore.
- The redevelopment will significantly enhance the quality of living for existing members, who will receive larger, well-designed homes with modern layouts, improved specifications, dedicated parking, and upgraded common infrastructure.