HoABL and Mittal Builders Join Forces to Develop ₹2000-Cr Township in Naigaon
Mumbai-based The House of Abhinandan Lodha (HoABL) and Mittal Builders have entered into a joint development agreement to co-develop a ₹2,000 crore integrated township in Naigaon, part of the Mumbai Metropolitan Region (MMR). The project is expected to boost the area's growth with high-rise residential towers and high-street retail.
Real EstateTownship DevelopmentNaigaonHoablMittal BuildersReal Estate MumbaiJul 10, 2025
The township is expected to be launched in the second quarter of the financial year 2026. The gross development value (GDV) of the project is pegged at around ₹3,000 crore, and the township will be delivered in phases over five years. Spanning an area of 3 million square feet (msf), the project will comprise high-rise residential towers with over 4,600 apartments and high-street retail.
Rahul Mittal, Promoter of Mittal Builders, highlighted the strategic importance of Naigaon: “Naigaon is fast emerging as a key growth centre in the MMR, and our vision has been to lead its transformation through planned, self-sustained infrastructure. We have developed core civic amenities such as internal roads, drainage systems, and more, laying the foundation for a future-ready township.” Mittal Builders owns 70 acres of land in Naigaon with a development potential of 6.5 msf and a projected GDV exceeding ₹8,000 crore.
Rakesh Pai, Chief Operating Officer of The House of Abhinandan Lodha, emphasized the partnership's significance: “The partnership between HoABL and Mittal Builders underscores our shared commitment to creating exceptional developments that truly resonate with the aspirations of today’s discerning homebuyers. 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 development is expected to 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. These infrastructure improvements are expected to drive the area's growth, offering high commuter connectivity and rising affordability pressures in core Mumbai.
Naigaon is emerging as a high-potential corridor for residential development, driven by improving infrastructure and high commuter connectivity. HoABL recently announced its entry into the vertical real estate sector (high-rise buildings) with an investment of ₹2,500 crore in April, after operating in the horizontal real estate sector since its inception. This move further solidifies HoABL's commitment to delivering high-quality, sustainable real estate projects in strategic locations across the region.
Frequently Asked Questions
What is the total investment for the township project in Naigaon?
The total investment for the township project in Naigaon is ₹2,000 crore.
When is the expected launch of the township project?
The township project is expected to be launched in the second quarter of the financial year 2026.
What is the gross development value (GDV) of the project?
The gross development value (GDV) of the project is around ₹3,000 crore.
What amenities will the township include?
The township will include high-rise residential towers with over 4,600 apartments and high-street retail, along with core civic amenities such as internal roads and drainage systems.
How will the upcoming infrastructure projects benefit the township?
The upcoming Metro Line 13 extension, the proposed Vasai–Virar–Panvel rail corridor, and feeder access to the Mumbai–Delhi Expressway will provide high commuter connectivity and enhance the township's growth potential.
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