India, Oct. 13 -- Mumbai, October 2025 - AMI-WISEOWLZZ, the flagship venture of MODISPACES, has finalized a landmark Rs.395+ crore redevelopment agreement with Shree Govind Nagar CHSL and Shree Jawhar Nagar CHSL, located in the heart of Govind Nagar, Borivali (West). The agreement, one of the largest cluster redevelopment projects in the area, covers an approximate plot area of 19,800 sq.m. (Nearly 4.89 acres), with a stamp duty of over Rs.20.5 crore paid as part of the transaction.

This strategic redevelopment initiative encompasses 11 legacy buildings with around 410 flats, housing nearly 2,000 existing residents. Upon completion, the project is expected to accommodate up to 5,000 people, including the development of approximately 400 ...