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Modis Navnirman selected as developer for residential project in Kandivali

Modis Navnirman Ltd. | Construction - Real Estate | Construction & Infrastructure | BSE: 543539 | NSE: MODIS

05 Mar 2026 Evaluate

Modis Navnirman has been appointed as the developer for the redevelopment of ‘New Chitra Co-operative Housing Society’ one of the city’s earliest high-rise residential towers located in Kandivali West.
Originally constructed over three decades ago, the existing 14-storey structure was considered a landmark at the time of its completion. The building will now undergo complete demolition to make way for a modern, premium commercial-cum-residential tower designed to meet contemporary standards of safety, sustainability, and urban lifestyle.

Spread across a land parcel of approximately 2,300 sq. meters, the project is expected to generate an estimated Gross Development Value (GDV) of approximately Rs 160 crore. The proposed development will comprise thoughtfully planned residences, curated commercial spaces, and state-of-the-art amenities, offering a future-ready environment for both occupants and investors.

The redevelopment will significantly enhance the quality of living for existing members, who will receive larger, well-designed homes with modern layouts, improved specifications, dedicated parking, and upgraded common infrastructure. Designed with a strong focus on sustainability and resilience, the new tower will incorporate energy-efficient systems, rainwater harvesting, fire-safety enhancements, smart building technologies, and other green features aligned with current environmental and structural norms. Strategically located in Kandivali West, one of Mumbai’s rapidly evolving residential and commercial corridors the project benefits from strong social infrastructure and seamless connectivity, making it an attractive destination for both end users and investors.

Modis Navnirman is engaged in the real estate sector. The company’s customer-centric business model focuses on designing and developing its products to address consumer needs across price points.

Modis Navnirman Share Price

325.30 21.35 (7.02%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Lodha Developers	871.70
Dilip Buildcon	457.55
DLF	601.80
Oberoi Realty	1710.00
Ahluwalia Contract(I	832.90
View more..

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Modis Navnirman selected as developer for residential project in Kandivali

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