Mumbai’s Next Big Address: Mittal-HoABL’s Township to Deliver Urban Utopia

Image Source: The Economic Times

In a landmark deal for Mumbai real estate space, Mittal Builders and The House of Abhinandan Lodha (HoABL) have entered into a joint development deal to develop an ambitious 11-acre integrated township at Naigaon in the Mumbai Metropolitan Region (MMR) in partnership. The ₹2,000 crore proposed investment project will redefine the blueprint for city living in one of the city's fast-growing corridors.

Key Highlights

Mega Investment: The JV will invest ₹2,000 crore for developing a 3 million sq ft (30 lakh sq ft) township with an intended gross development value (GDV) of more than ₹3,000 crore in 3-5 years.

Project Details:

The town will have more than 4,600 apartments and high-street shopping space.
Launch is scheduled for Q2 FY 2025-26.
Delivery of the project shall be in phases within five years.

Strategic Location

Located at Naigaon, a rapidly emerging growth center of MMR.
The area will be propelled by upcoming infrastructure projects like Metro Line 13 extension, Vasai–Virar–Panvel rail corridor, and feeder connectivity to the Mumbai–Delhi Expressway.

Developer Credentials:

Mittal Builders: Over 50 million sq ft developed across over 2,000 buildings in India's key cities.
HoABL: Shift from plotted developments to high-rise group housing, 15 million sq ft achieved since 2020.

Vision & Impact:

Township is conceived with a mix of comfort, reliability, and enduring value in mind, which is attractive to the aspirations of today's homeowners.
Highlight self-contained infrastructure like civic buildings and connectivity enhancements.

Future Potential: