Sanjay Ghodawat Group (SGG) has partnered with Nordstar Estates to establish Ghodawat Nordstar, a joint venture that will develop residential and commercial projects across Mumbai and Bengaluru under the new consumer-facing brand NEVORA.

The platform is targeting a gross development value (GDV) of more than Rs 50 billion over the next three years, with a focus on institutional-grade developments catering to high-net-worth individuals.

The joint venture combines SGG's presence across sectors including aviation, FMCG, education, energy, retail and real estate with Nordstar Estates' experience in institutional capital management and real estate development in India and the US.

According to the partners, the venture will focus on premium residential and commercial projects across key Mumbai micro-markets, including South Mumbai, the western and central suburbs, as well as emerging locations such as Alibaug, Karjat and Vasai. In Bengaluru, the company plans to target established and emerging technology corridors.

Shrenik Ghodawat, Managing Director, Sanjay Ghodawat Group, said the partnership aims to deliver projects emphasising quality, transparency, sustainability and technology-led development. Dhruv Dua, Co-Founder, Nordstar Estates, said the platform combines expertise in land acquisition, institutional capital deployment and project execution to address evolving urban development needs.

The announcement comes as institutional investment and higher governance standards continue to reshape India's real estate sector, with growing demand for professionally managed residential and commercial developments.