14/07/2025
Mittal Builders and HoABL Partner to Launch โน8,000 Crore Integrated Township in Naigaon
Mumbai, India โ [Date] โ Mittal Builders, one of Mumbaiโs 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 โน8,000 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 2025โ26, and involves an estimated investment of โน2,000 crore, with a projected GDV of over โน3,000 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.
โThis partnership marks a major step toward building a vibrant and future-ready community in one of MMRโs fastest-growing suburbs,โ said a joint spokesperson from Mittal Builders and HoABL.
The projectโs location in Naigaon offers strong connectivity via the Naigaon railway station, upcoming Metro Line 13, and access to the DelhiโMumbai Expressway, further enhancing its appeal as a residential destination.