HoABL and Mittal Builders Join Forces for a Mega Township Project in Naigaon
The House of Abhinandan Lodha (HoABL) and Mittal Builders have signed a joint development agreement to create a 3 million sq ft integrated township in Naigaon, near Mumbai, with an investment of ₹2,000 crore.
Real EstateTownship ProjectMumbaiHoablMittal BuildersReal Estate MumbaiJul 11, 2025
The project is scheduled to launch in the current quarter (Q2 FY26) and entails an investment of ₹2,000 crore. It will be delivered in phases over a period of five years. This joint venture (JV) marks a significant milestone in the ongoing partnership between Mittal Builders and HoABL, which was announced earlier this year.
Mittal Builders holds a 70-acre landholding in Naigaon with a potential of 6.5 million sq ft and a projected GDV exceeding ₹8,000 crore. Trustcap, a Mumbai-based investment bank, acted as the sole financial advisor for the transaction.
Rakesh Pai, Chief Operating Officer of The HoABL, emphasized the significance of the partnership, stating, “The collaboration between HoABL and Mittal Builders underscores our shared commitment to creating exceptional developments that truly resonate with the aspirations of today’s discerning homebuyers. Together, we aim to deliver thoughtfully planned townships that prioritize quality construction, timely delivery, and a premium lifestyle. Our focus is on serving a broad community of buyers who value a seamless blend of comfort, reliability, and long-term value in their homes.”
The project is strategically located within 2 km of Naigaon railway station on the suburban western railway line. It will also benefit from the upcoming Metro Line 13 extension (Mira-Bhayandar to Virar), the proposed Vasai-Virar-Panvel rail corridor, and feeder access to the Mumbai–Delhi Expressway.
Akshay Mittal, promoter of Mittal Builders, highlighted the company's commitment to Naigaon, saying, “Our commitment to Naigaon goes beyond real estate as we are building a thriving community. With 2 million sq ft of delivered residential space housing over 2,000 families and a school educating more than 2,500 students in Naigaon, we have already enabled a strong residential and social ecosystem. This next phase, in partnership with HoABL, will mark the beginning of a long-term partnership focused on creating large-scale, high-quality real estate developments in the region and beyond.”
The project is expected to create a significant impact on the local economy and infrastructure, providing a premium living experience for residents and contributing to the overall development of the region.
Frequently Asked Questions
What is the size of the project being developed by HoABL and Mittal Builders in Naigaon?
The project will cover 3 million sq ft and will include 4,600 apartments and high street retail space.
What is the expected investment for this project?
The project is expected to entail an investment of ₹2,000 crore.
When is the project scheduled to launch?
The project is scheduled to launch in the current quarter (Q2 FY26).
What is the Gross Development Value (GDV) expected from this project?
The project is expected to achieve a GDV of ₹3,000 crore over the next three to five years.
What infrastructure benefits will the project offer to residents?
The project is located within 2 km of Naigaon railway station and will benefit from the upcoming Metro Line 13 extension, the proposed Vasai-Virar-Panvel rail corridor, and feeder access to the Mumbai–Delhi Expressway.
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