Mittal Builders and HoABL Partner to Launch ₹8,000 Crore Integrated Township in Naigaon

 


Mittal Builders and HoABL Partner to Launch ₹8,000 Crore Integrated Township in Naigaon

Mumbai, India – [Date] – Mittal Builders, one of Mumbai’s legacy real estate developers, and The House of Abhinandan Lodha (HoABL), a new-age real estate brand, have entered into a joint development agreement (JDA) to co-develop an expansive integrated township in Naigaon, Palghar district, Maharashtra. The township will span 70 acres and is set to deliver approximately 65 lakh sq ft of development, with a projected gross development value (GDV) exceeding ₹8,000 crore.

The first phase of the project will include over 30 lakh sq ft of development, featuring more than 4,600 residential apartments and premium high-street retail. This initial phase is targeted for launch in the second quarter of FY 2025–26, and involves an estimated investment of ₹2,000 crore, with a projected GDV of over ₹3,000 crore.

The township will be developed in phases over a five-year period, aiming to create a self-sustained, well-connected urban ecosystem tailored to meet the evolving needs of modern homebuyers.

Trustcap acted as the exclusive financial advisor for the transaction, facilitating the strategic collaboration between the two real estate firms.

“This partnership marks a major step toward building a vibrant and future-ready community in one of MMR’s fastest-growing suburbs,” said a joint spokesperson from Mittal Builders and HoABL.

The project’s location in Naigaon offers strong connectivity via the Naigaon railway station, upcoming Metro Line 13, and access to the Delhi–Mumbai Expressway, further enhancing its appeal as a residential destination.


#ConstructionNews #infrastructure #development #InfrastructureDevelopment #constructionindustry #Mittal #civilengineering #siteengineering #civilengineering #Project2025

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