Mittal Builders has unveiled a bold urban vision to transform Naigaon into a landmark micro-market in western Mumbai, with plans to unlock 6.5 million sq. ft. of development potential across a 70-acre land parcel. The long-term multi-phase plan has an estimated gross development value (GDV) of over Rs 80 billion. 

As part of this initiative, Mittal Builders has signed a joint development agreement with The House of Abhinandan Lodha (HoABL) to co-develop a 3 million sq. ft. integrated township, comprising over 4,600 apartments and high-street retail. With a planned investment of Rs 20 billion, the project will launch in Q2 FY 2025–26 and be developed in phases over five years. 

“Naigaon is fast emerging as a key growth centre in MMR,” said Rahul Mittal, Promoter, Mittal Builders. “Our partnership with HoABL will accelerate its transformation through world-class infrastructure and community-driven design.” 

The JV builds on Mittal Builders’ strong local footprint, having already delivered 2 million sq. ft. of residential space and built a school serving over 2,500 students. Akshay Mittal noted that the company’s commitment is rooted in “building a thriving community, not just homes.” 

The project benefits from proximity to Naigaon station and improved connectivity via the upcoming Metro Line 13, Mumbai–Delhi Expressway, and proposed Panvel-Vasai-Virar corridor, making it attractive for mid-income homebuyers. 

Trustcap acted as the sole financial advisor for the transaction.