NEW DELHI: Mumbai-based Modis Navnirman has been appointed as the developer for the redevelopment of New Chitra Co-operative Housing Society located in Kandivali West.
Originally constructed over three decades ago, the existing 14-storey structure will now undergo complete demolition to make way for a commercial-cum-residential tower.
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 ₹160 crore.
In January 2026, the company was appointed as the developer for the redevelopment of BOI Staff Sheetal Co-operative Housing Society located at Ramnagar, S.V. Road, Borivali West.
The redevelopment project is spread across a land parcel of approximately 3,924.91 sq meters of plot area and is estimated to have a GDV of approximately ₹250 crore.
