Modis Navnirman Limited, one of Mumbai’s fastest-growing real estate developers in the redevelopment segment, has won the mandate to redevelop BOI Staff Sheetal Co-operative Housing Society Ltd., located at Ramnagar, S.V. Road, Borivali (West).
The project spans a land parcel of approximately 3,924.91 sq. mtrs and carries an estimated Gross Development Value (GDV) of ₹250 crore. It will deliver a modern, high-quality residential development with enhanced safety standards, sustainability features, and lifestyle amenities designed to elevate the living experience for residents.
The society has successfully completed the 79A procedure in full compliance with statutory requirements, and all members have unanimously consented to appoint Modis Navnirman as the developer. This reflects strong confidence in the company’s transparency, execution capabilities, and proven redevelopment track record.
Commenting on the development, Mr. Mahek Modi, Whole Time Director and Chief Financial Officer, Modis Navnirman Limited, said: “The unanimous mandate from all members of BOI Staff Sheetal Co-operative Housing Society is a strong validation of the trust reposed in Modis Navnirman. Redevelopment goes beyond construction—it requires empathy, clear communication, and a long-term vision for value creation. This project reinforces our commitment to responsible redevelopment and delivering contemporary living spaces that elevate urban lifestyles in Mumbai.”
With this milestone, Modis Navnirman Limited continues to strengthen its position as a trusted partner in Mumbai’s redevelopment landscape, driving projects that combine modern design, sustainability, and long-term value creation.
