Mittal Builders, one of India’s most trusted legacy developers, has unveiled a bold Rs8,000 crore urban blueprint to transform Naigaon into Western Mumbai’s next landmark micro-market. With 70 acres of land and 6.5 million sq. ft. of development potential, the company is set to deliver large-scale residential, retail, and community infrastructure that blends legacy with future-ready planning.
As part of this vision, Mittal Builders has entered a Joint Development Agreement (JDA) with The House of Abhinandan Lodha (HoABL) to co-develop a 3 million sq. ft. integrated township. The JV project will feature over 4,600 high-rise apartments and curated high-street retail, backed by a planned investment of Rs2,000 crore and a GDV of Rs3,000 crore over the next 3–5 years. The township will be delivered in phases over five years, forming a self-sustained urban ecosystem.
Rahul Mittal, Promoter of Mittal Builders, emphasized the company’s long-term commitment to Naigaon: “We’ve laid the foundation for a future-ready township with core civic infrastructure. This JV with HoABL brings complementary strengths to accelerate Naigaon’s evolution into a well-integrated urban destination.”
Akshay Mittal added, “Our work in Naigaon goes beyond real estate—we’re building a thriving community. With 2 million sq. ft. of delivered residential space and a school educating over 2,500 students, we’ve already enabled a strong social ecosystem.”
The JV marks a milestone in the ongoing partnership between Mittal Builders and HoABL, with Trustcap acting as the sole financial advisor. Rakesh Pai, COO of HoABL, noted, “Together, we aim to deliver thoughtfully planned townships that prioritize quality construction, timely delivery, and a premium lifestyle.”
Strategically located within 2 km of Naigaon station, the development will benefit from upcoming infrastructure including Metro Line 13, the Vasai–Virar–Panvel rail corridor, and feeder access to the Mumbai–Delhi Expressway. These upgrades are rapidly positioning Naigaon as a high-potential corridor for aspirational, mid-income homebuyers.
With improving connectivity and affordability pressures in core Mumbai, Naigaon is emerging as a destination of choice. Mittal Builders’ multi-phase plan signals a defining new chapter—rooted in legacy, but shaped by scale, trust, and long-term value.
