India, July 11 -- The House of Abhinandan Lodha (HoABL) and Mittal Builders have inked a joint development agreement (JDA) to co-develop a three million sq ft integrated township project in Naigaon, near Mumbai.

The company announced that the project will include the construction of 4,600 apartments along with high street retail space. It is scheduled to launch in the current quarter (Q2 FY26) and entails an investment of Rs.2,000 crore. The project is expected to achieve a Gross Development Value (GDV) of Rs.3,000 crore over the next three to five years.

In a joint statement, the companies said that the development will be delivered in phases over five years. This joint venture (JV) marks a significant milestone in the ongoing partners...