Modis Navnirman Limited has informed the Exchange regarding a press release dated January 01, 2026, titled "Modis Navnirman Limited wins unanimous mandate of Rs 250 crore for housingsociety redevelopment in mumbai".
MODIS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Modis Navnirman Limited has been appointed as the developer for the redevelopment of BOI Staff Sheetal Co-operative Housing Society Ltd., located at Ramnagar, S.V. Road, Borivali (West), Mumbai. The project covers a plot area of approximately 3,924.91 sq. metres and has an estimated Gross Development Value (GDV) of around Rs 250 crore. The society has completed the 79A procedure, and 100% of members have given unanimous consent to appoint the company as developer. The project will focus on a modern residential development with improved safety, sustainability, and lifestyle amenities. This win further strengthens the company's redevelopment portfolio across Mumbai's established suburban micro-markets.
This is a notable order win that adds to Modis Navnirman's redevelopment pipeline and reflects strong demand for its services in Mumbai's housing society redevelopment segment. For shareholders, it signals continued business momentum, though actual revenue recognition will depend on project execution timelines and regulatory clearances.