Mittal Builders has signed a Joint Development Agreement (JDA) with House of Abhinandan Lodha (HoABL) to co-develop an 11-acre residential and retail project in Naigaon, Mumbai Metropolitan Region (MMR). The development will include 30 lakh sq ft of built-up area comprising over 4,600 apartments and high-street retail. The launch is scheduled for the second quarter of FY26.

The project involves an estimated investment of Rs 20 billion and is expected to generate a gross development value (GDV) of over Rs 30 billion in the next three to five years, according to a company statement released on Thursday.

Rahul Mittal, Promoter of Mittal Builders, said, “Naigaon is fast emerging as a key growth hub in the MMR. This JV with HoABL brings together our respective strengths to drive Naigaon's transformation into an integrated urban destination.”

Mittal Builders has already delivered 2 million sq ft of residential space in Naigaon, housing over 2,000 families, along with a school educating more than 2,500 students. HoABL, founded in 2020, has developed approximately 15 million sq ft across four plotted projects and is now entering the group housing segment.