SGG, Nordstar form JV for Mumbai and Bengaluru projects
Real Estate

SGG, Nordstar form JV for Mumbai and Bengaluru projects

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.

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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement