Redevelopment activity continues to gather pace in Mumbai’s western suburbs, with several new projects being undertaken across Malad West and Borivali West as developers increasingly focus on transforming ageing residential neighbourhoods into modern, integrated communities.
The latest redevelopment initiatives span multiple locations in the two suburbs and are expected to be followed by a larger Rs 2,500 crore project signed in 2026, reflecting sustained investment in Mumbai’s redevelopment sector.
The projects are centred on replacing older buildings with modern residential developments that offer improved infrastructure, larger open spaces, enhanced amenities and better urban planning. Developers say the objective extends beyond constructing new homes, with an emphasis on creating neighbourhoods designed to meet residents’ evolving lifestyle requirements over the coming decades.
As part of the expansion, redevelopment agreements have been registered under Maharashtra’s redevelopment framework, representing a stamp duty value of nearly Rs 17 crore. The portfolio includes projects at Evershine Nagar (2.5 acres) and S.V. Road (0.5 acre) in Malad West, along with a 2-acre development in Chikuwadi, Borivali West. Collectively, these projects add more than 20,000 square metres to the company’s redevelopment pipeline.
A key feature of the portfolio is the growing focus on cluster redevelopment. Unlike individual society redevelopment, cluster projects combine multiple housing societies into a single master-planned development, enabling better utilisation of land, improved circulation, larger recreational areas and upgraded infrastructure.
One such project is the Chikuwadi cluster redevelopment, which covers approximately 7,500 sq. m. across four housing societies and has been planned to provide integrated amenities and a more organised residential environment.
Commenting on the milestone, Rajendra Sharma, Founder & Chairman, Ambit Realtors & Developers, said:
“These projects are not just about redeveloping buildings, but also about improving how people live. Through cluster redevelopment, we’re creating larger, better-planned communities that can continue serving residents for decades to come. This growing portfolio reflects the trust housing societies have placed in Ambit and our commitment to creating a better lifestyle for future generations.”
Karan Sharma, Director, Ambit Realtors & Developers, said:
“We believe that the future of urban redevelopment lies in creating communities, not just new buildings. With a strong focus on cluster redevelopment, we are bringing multiple societies together to unlock the potential for dynamic product design and master planning. Our vision is to create neighbourhoods with thoughtful planning, future-ready amenities, efficient infrastructure, and living spaces that continue to deliver value for years to come, setting a new benchmark for sustainable urban development.”
Sahil Sharma, Director, Ambit Realtors & Developers, added:
“Cluster projects allow us to create economies of scale. Residents will benefit from holistic planning, from ample open areas to modern utilities. Our vision is to transform these neighbourhoods into vibrant, well-equipped communities that stand out and contribute to Mumbai’s evolving urban landscape.”
With redevelopment emerging as one of the key drivers of Mumbai’s real estate market, the company said it will continue expanding its presence through strategically located projects that prioritise modern infrastructure, sustainable planning and community-focused development.
Source: Hindustan Times
