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Modis Navnirman Wins ₹250 Crore Housing Society Redevelopment Mandate in Mumbai

Modis Navnirman Limited, one of Mumbai’s fastest-growing real estate developers in the redevelopment segment, has been appointed as the developer for the redevelopment of BOI Staff Sheetal Co-operative Housing Society Ltd., located at Ramnagar, S.V. Road, Borivali (West), Mumbai – 400 092.

The redevelopment project spans approximately 3924.91 Sq. Mtrs of land with an estimated Gross Development Value (GDV) of ₹250 crore. The project focuses on creating modern, high-quality residential spaces, enhancing safety standards, sustainability features, and lifestyle amenities for residents.

The society has completed the 79A procedure in full compliance with statutory requirements, and 100% of members have provided unanimous consent to appoint Modis Navnirman Limited, reflecting strong confidence in the company’s execution capabilities, transparency, and redevelopment track record.

Commenting on the development, Mr. Mahek Modi, Whole Time Director and CFO of Modis Navnirman Limited, said:
"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."

This appointment strengthens Modis Navnirman Limited’s redevelopment portfolio in Mumbai, especially in established suburban markets like Borivali West. The project aligns with the company’s focus on transforming aging housing societies into future-ready residential developments while maintaining transparency, timely execution, and sustainable value creation for all stakeholders.

About Modis Navnirman Limited:
Founded by Mr. Dinesh C. Modi in 2010, Modis Navnirman is among Mumbai’s fastest-growing real estate developers in the redevelopment sector. The company is committed to delivering luxurious, holistic, and viable projects while upgrading lifestyles and setting new benchmarks in responsible innovation.

For more details, visit: http://www.modisnirman.co

Note: Certain statements are forward-looking and subject to risks and uncertainties. Past performance is not indicative of future results.