Mumbai Launches Sumit Woods Rs 695 Crore Borivali East Strategic Redevelopment Project Today

Sumit Woods has secured a significant redevelopment project in Borivali East, Mumbai, with a gross development value of ₹695 crore. The initiative focuses on the transformation of Pruthvi Enclave CHS Ltd., spanning 6.70 lakh square feet. Strategically positioned near Magathane Metro Station, the development is expected to reinforce the company’s footprint in Mumbai’s competitive residential real estate market while enhancing urban housing infrastructure.

The project marks a strategic expansion for Sumit Woods, aligning with Mumbai’s growing demand for redeveloped housing that integrates modern amenities and sustainable urban design. “This development demonstrates our commitment to creating resilient and well-connected urban communities,” an official from the company noted. By leveraging its expertise in redevelopment, the firm aims to deliver enhanced living standards while optimising space utilisation in densely populated city areas.

In addition to Borivali East, Sumit Woods recently obtained a commencement certificate from the Municipal Corporation for a project at Plot No. 501B in Village Kolekalayan. Covering 32,888 square feet of saleable carpet area, the Kolekalayan project has an estimated revenue potential of ₹90 crore, with the company targeting ₹120 crore in sales for FY25. These projects collectively indicate a concerted push into strategic zones across Mumbai, tapping into metro-adjacent localities and high-demand residential corridors.

Industry experts observe that the company’s redevelopment approach not only revitalises older housing societies but also supports sustainable urbanisation. Redevelopment initiatives like these typically incorporate energy-efficient designs, better waste management systems, and modernised infrastructure, aligning with broader urban sustainability goals. “Redevelopment in Mumbai is increasingly driven by transit-oriented and climate-resilient design principles,” an urban planner said.

Financially, Sumit Woods’ ongoing portfolio projects reflect a balanced strategy that combines revenue potential with long-term urban impact. By focusing on high-value, strategically located redevelopment sites, the firm positions itself to capture both immediate returns and enduring market relevance.As Mumbai continues to face pressure on housing stock and urban density, redevelopments of this scale offer an opportunity to modernise living environments while improving city functionality. Thoughtful execution of such projects ensures that residents benefit from better housing conditions, improved public amenities, and enhanced connectivity without exacerbating urban sprawl.

Mumbai Launches Sumit Woods ₹695 Crore Borivali East Strategic Redevelopment Project Today