Joint Venture1 Jan 2026, 06:42 pm
Modis Navnirman Wins ₹ 250 Crore Housing Society Redevelopment Mandate in Mumbai
AI Summary
Modis Navnirman Limited, a fast-growing real estate developer in Mumbai, has been appointed as the developer for the redevelopment of BOI Staff Sheetal Co-operative Housing Society Ltd. The project, spread across approximately 3924.91 Sq. Mtrs, is estimated to have a Gross Development Value (GDV) of approximately ₹ 250 crore. The society has completed the 79A procedure and all members have provided unanimous consent to Modis Navnirman Limited. This appointment strengthens the company's expanding redevelopment portfolio and aligns with its strategic focus on transforming aging housing societies into future-ready residential developments.
Key Highlights
- Modis Navnirman Limited wins ₹ 250 crore housing society redevelopment mandate in Mumbai.
- The project is spread across approximately 3924.91 Sq. Mtrs with a Gross Development Value (GDV) of approximately ₹ 250 crore.
- BOI Staff Sheetal Co-operative Housing Society Ltd. has completed the 79A procedure and all members have provided unanimous consent to Modis Navnirman Limited.
- This appointment strengthens Modis Navnirman Limited's expanding redevelopment portfolio in Mumbai.
- The project aligns with the company's strategic focus on transforming aging housing societies into future-ready residential developments.