HoABL and Mittal Builders to Jointly Develop ₹2,000 Crore Township in Naigaon

Mumbai-based real estate developer The House of Abhinandan Lodha (HoABL) has entered into a joint development agreement (JDA) with Mittal Builders to co-develop an integrated township in Naigaon, located in the Mumbai Metropolitan Region (MMR). The township will be spread across approximately 3 million square feet and is expected to involve a total investment of ₹2,000 crore. The gross development value (GDV) of the project is estimated at ₹3,000 crore.

The project is slated for launch in the second quarter of the financial year 2026. It will be delivered in a phased manner over the next five years. The integrated township will include over 4,600 residential apartments, along with high-street retail development. The township will be developed as a self-contained urban space, offering both housing and retail infrastructure aimed at serving the growing residential demand in the extended western suburbs of Mumbai.

Naigaon, located along the western railway corridor, has gained prominence in recent years as an emerging residential zone due to improved transport connectivity and comparatively affordable land prices. The planned township is expected to benefit from key infrastructure projects in the region, including the under-construction Delhi-Mumbai Expressway and Mumbai Metro Line 13, which will connect Mira Road to Virar via Bhayandar and Naigaon.

With the western suburbs of MMR seeing increased housing interest from mid-segment and first-time buyers, large-format developments such as the one proposed by HoABL and Mittal Builders are being viewed as viable formats for long-term housing supply. The township will consist of high-rise towers, and the planning is expected to integrate necessary urban infrastructure such as internal roads, open spaces, retail outlets, and essential services.

The joint venture combines HoABL’s brand and outreach capabilities with Mittal Builders’ legacy in urban land development. HoABL has in the past focused on building plotted development projects and curated residential communities, primarily in Tier I and II markets. Mittal Builders, a family-owned group with a track record of commercial and residential development in Mumbai and Pune, brings local execution experience and land aggregation strength.

This Naigaon township is part of a broader trend in MMR, where developers are increasingly opting for land partnerships to reduce upfront costs while scaling their presence in infrastructure-linked suburban corridors. The joint development model allows both parties to share revenue and risk, while maintaining flexibility on pricing and phasing.

The announcement comes at a time when the Mumbai real estate market has been seeing a divergence between supply in core city areas and demand shifts to outer suburbs. Although sales volumes in MMR slowed down slightly in the first half of 2025, the region continues to attract investment into large residential and mixed-use projects. Developers are focusing on scalable models with efficient design, standardised amenities, and future-proofed locations.

Industry analysts have noted that while housing supply has moderated, investments into land deals and township formats remain robust. The Naigaon project is expected to tap into the latent demand from working professionals and families seeking formal housing closer to upcoming infrastructure corridors. Pricing, unit configuration, and delivery timelines will be key to the project’s success once it launches in FY 2026.

The partnership between HoABL and Mittal Builders is expected to finalise development approvals and begin pre-construction activity over the next few quarters. Detailed plans for phase-wise rollout, unit mix, and amenities are yet to be disclosed but are likely to align with typical township development norms under Maharashtra’s urban planning regulations.

With infrastructure projects such as Metro Line 13 and the expressway corridor influencing real estate patterns, Naigaon is gradually emerging as a zone of interest for larger institutional developers. The region’s evolving transport links are likely to reduce commuting times and improve connectivity with employment hubs such as Mira-Bhayandar, Vasai-Virar, and even Mumbai’s extended western suburbs.