Mittal Builders Unveils Bold Urban Vision to Transform Naigaon into Landmark Micro-Market in Western Mumbai

Mumbai, July 10, 2025: Mittal Builders has outlined an ambitious long-term vision to position Naigaon as western Mumbai’s next landmark micro-market. With a 70-acre landholding, 6.5 mn sq ft (MSF) of further development potential, and a projected GDV exceeding INR 8,000 crore, Mittal Builders is transforming Naigaon with large-scale residential, retail and community infrastructure, combining legacy with a sharper focus on connectivity, liveability and long-term value.
 
As part of this blueprint, Mittal Builders has partnered with The House of Abhinandan Lodha (HoABL) in a strategic joint development agreement to co-develop a 3 MSF large-format integrated township, comprising high-rise residential towers with over 4,600 apartments and curated high-street retail.

Expected to launch in Q2 FY 2025–26, the JV project involves a planned investment of around INR 2,000 crore and a GDV of over INR 3,000 crore in the next three to five years, reinforcing Naigaon’s emergence as a destination of choice for aspirational, mid-income homebuyers.

The development will be delivered in phases over five years as a self-sustained urban ecosystem. This JV marks a significant milestone in the ongoing partnership between Mittal Builders and HoABL, which was announced earlier this year. Trustcap, a Mumbai-based investment bank, acted as the sole financial advisor for the transaction.

“Naigaon is fast emerging as a key growth centre in the MMR, and our vision has been to lead its transformation through planned, self-sustained infrastructure. We have developed core civic amenities such as internal roads, drainage systems and more, laying the foundation for a future-ready township,” said Rahul Mittal, Promoter, Mittal Builders.

“The formation of this JV with HoABL brings together two complementary strengths to accelerate Naigaon’s evolution into a well-integrated urban destination. A world-class development is on the horizon, and the ultimate beneficiaries will be the customers.”

Akshay Mittal, Promoter, Mittal Builders, said, “Our commitment to Naigaon goes beyond real estate; we’re building a thriving community. With 2 million sq ft of delivered residential space housing over 2,000 families, and a school educating more than 2,500 students in Naigaon, we’ve already enabled a strong residential and social ecosystem.”

He added, “This next phase, in partnership with HoABL, will mark the beginning of a long-term partnership focused on creating large-scale, high-quality real estate development in the region and beyond.”

Rakesh Pai, COO, HoABL, said, “The partnership between HoABL and Mittal Builders underscores our shared commitment to creating exceptional developments that truly resonate with the aspirations of today’s discerning homebuyers. Together, we aim to deliver thoughtfully planned townships that prioritise quality construction, timely delivery and a premium lifestyle.”

Strategically located within two km of Naigaon station on the Western Railway line, the development will also benefit from the upcoming Metro Line 13 extension (Mira-Bhayandar to Virar), the proposed Vasai-Virar-Panvel rail corridor and feeder access to the Mumbai-Delhi Expressway. This will significantly enhance transit access across the city and reduce commute time to central Mumbai.