Modis Navnirman Ltd to Undertake ₹250 Crore Redevelopment Project in Borivali, Mumbai

Modis Navnirman Limited, a well-known real estate developer in the redevelopment segment, has been selected to undertake a significant redevelopment project for the 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 square meters and is estimated to have a Gross Development Value (GDV) of around ₹250 crore. The project will focus on creating a modern, high-quality residential development that enhances safety standards, sustainability features, and lifestyle amenities for residents.

In an official media statement, Mahek Modi, Whole Time Director and Chief Financial Officer 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 expanding redevelopment portfolio across Mumbai, particularly in well-established suburban micro-markets such as Borivali West. The company has a strong track record of successful projects and a deep understanding of the local market, which positions it well to deliver on this ambitious project.

The redevelopment will include state-of-the-art infrastructure, modern amenities, and green spaces designed to enhance the quality of life for residents. The project will also incorporate advanced safety measures and sustainable building practices, ensuring that the new residential complex meets the highest standards of modern living.

Modis Navnirman Limited’s approach to redevelopment is rooted in a commitment to community engagement and long-term value creation. The company works closely with residents and local authorities to ensure that the redevelopment process is transparent and inclusive, fostering a sense of community and ownership among the residents.

This project is expected to set a new benchmark for residential redevelopment in Mumbai, showcasing the potential for transforming aging urban areas into vibrant, modern living spaces. Modis Navnirman Limited’s expertise and dedication to responsible development make it well-equipped to deliver on this vision and create a lasting positive impact on the community.

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