Modis Navnirman Wins Rs 2.5 Billion Redevelopment Project

The redevelopment spans a land parcel of about 3,924.91 sq m and carries an estimated Gross Development Value of around Rs 2.5 billion. The project will focus on delivering a modern residential development with enhanced safety standards, sustainability features and improved lifestyle amenities for residents.

The housing society has completed the statutory 79A procedure in full compliance with applicable regulations. Following this milestone, all members of the society unanimously consented to appoint Modis Navnirman Limited as the developer, reflecting confidence in the company’s transparency, execution capability and redevelopment experience.

The project further strengthens Modis Navnirman Limited’s redevelopment footprint across Mumbai, particularly in established suburban locations such as Borivali West. It aligns with the company’s strategy of transforming ageing housing societies into future-ready residential developments, with a focus on timely delivery and long-term value creation.

Company Quote: “The unanimous mandate from all members of BOI Staff’ Sheetal Co-operative Housing Society is a strong validation of the trust reposed in Modis Navnirman. Redevelopment goes beyond construction—it requires empathy, clear communication and a long-term vision for value creation. This project reinforces our commitment to responsible redevelopment and delivering contemporary living spaces that elevate urban lifestyles in Mumbai.”