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

Updated: July 10, 2025 22:08

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:
  • Mittal Builders owns 70 acres at Naigaon with total development potential of over ₹8,000 crore, suggesting additional projects on the anvil.
Source: The Economic Times, Business Standard, Rediff Money

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