Modis Navnirman Ltd Launches ₹250 Crore Redevelopment Project in Borivali
Modis Navnirman Limited, a leading real estate developer in the redevelopment segment, has been selected to undertake the redevelopment of BOI Staff Sheetal Co-operative Housing Society Ltd., located at Ramnagar, S.V. Road, Borivali (West).
The redevelopment project spans a land area of approximately 3924.91 Sq. Mtrs and is estimated to have a Gross Development Value (GDV) of around ₹250 crore. The project is designed to create a modern, high-quality residential development that will significantly enhance safety standards, sustainability features, and lifestyle amenities for the residents.
In an official media statement, Mahek Modi, Whole Time Director and Chief Financial Officer of Modis Navnirman Limited, expressed her enthusiasm and commitment to the project. “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,” she said.
This appointment further strengthens Modis Navnirman Limited’s growing redevelopment portfolio in Mumbai, particularly in established suburban micro-markets like Borivali West. The company has a track record of delivering high-quality projects that not only meet but exceed the expectations of its clients and the community.
The redevelopment will include the construction of modern apartments, amenities such as parks, children’s play areas, fitness centers, and community halls. The project will also focus on sustainable practices, including the use of energy-efficient materials, rainwater harvesting, and waste management systems. These features will not only enhance the quality of life for residents but also contribute to the overall environmental sustainability of the area.
Modis Navnirman Limited’s commitment to responsible redevelopment is evident in their approach to community engagement and stakeholder communication. The company has been actively working with the BOI Staff Sheetal Co-operative Housing Society to ensure that the project aligns with the needs and aspirations of the residents. This collaborative approach is expected to foster a sense of ownership and pride among the community members, making the project a success in every aspect.
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