Mittal, HoABL to Co-Develop Rs 20 Billion Housing Project

17 Jul 2025 CW Team

Realty firm Mittal Builders has entered into a Joint Development Agreement (JDA) with the House of Abhinandan Lodha (HoABL) to develop a major housing project in the Mumbai Metropolitan Region (MMR), with a planned investment of Rs 20 billion.

The 11-acre project, located in Naigaon, will comprise over 4,600 apartments and high-street retail space, spanning approximately 30 lakh sq ft. It is expected to be launched in the second quarter of FY2025–26.

According to Mittal Builders, the project will involve a total gross development value (GDV) of over Rs 30 billion within the next three to five years.

Rahul Mittal, Promoter of Mittal Builders, said, “Naigaon is rapidly emerging as a major growth corridor in MMR. This JV combines the strengths of both partners to drive the area’s transformation into a fully integrated urban destination.”

Akshay Mittal added that the firm has already delivered 2 million sq ft of housing in Naigaon, accommodating over 2,000 families and supporting a school that educates more than 2,500 students.

Rakesh Pai, COO at HoABL, highlighted that Mittal Builders, established in 1952, has developed over 50 million sq ft across 2,000+ buildings in cities including Mumbai, Thane, Pune, Delhi, Bengaluru, Hyderabad, and Nagpur.

Founded in 2020, HoABL has completed four plotted development projects totalling around 15 million sq ft and is now expanding into group housing.

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