Atlantaa Ltd Registers 500 Crore Redevelopment Agreement in Mumbai
Filing Summary
Atlantaa Limited has executed a Development Agreement with Highway Milton Co-operative Housing Society for a redevelopment project in Borivali (East), Mumbai. The project covers approximately 4,496 square meters and is projected to deliver 1.75 lakh square feet of saleable carpet area. The estimated Gross Development Value (GDV) is 500 crores. This development aligns with Atlantaa’s strategy to expand its real estate footprint in Mumbai’s western suburbs. The project is strategically located along the Western Express Highway, offering excellent metro connectivity and is part of a premium residential belt.
Atlantaa Limited has formally executed a Development Agreement with Highway Milton Co-operative Housing Society for the redevelopment of a residential project in Borivali (East), Mumbai. The project involves the redevelopment of a plot measuring approximately 4,496 square meters. This agreement is part of Atlantaa’s ongoing efforts to expand its real estate operations in Mumbai’s western suburbs.
The redevelopment project has an estimated Gross Development Value (GDV) of 500 crores. This figure represents the projected value of the development upon completion. The financial terms of the agreement were not disclosed in the filing. However, the significant GDV indicates the scale and potential financial impact of the project on Atlantaa’s portfolio.
The project is set to deliver approximately 1.75 lakh square feet of saleable carpet area. It is strategically located along the Western Express Highway, providing excellent metro connectivity. The location is part of a premium residential belt known for strong infrastructure and high end-user demand. The redevelopment will focus on modern lifestyle features and sustainable architectural planning, aligning with Atlantaa’s commitment to developing contemporary living spaces.
The filing highlights the strategic importance of this redevelopment in the context of Mumbai’s land-constrained urban landscape. The project reinforces the growing trend towards premium, community-focused redevelopment in the city. Atlantaa’s focus on strategic, high-impact redevelopment projects is evident in this agreement, which aims to address the demand for quality residential spaces in Mumbai.
The timeline for the project’s implementation was not specified in the filing. However, the agreement marks a significant milestone in Atlantaa’s ongoing efforts to expand its real estate footprint. The company has a history of delivering large-scale urban infrastructure projects and residential developments, contributing to its reputation for engineering excellence and timely delivery.
Highway Milton Co-operative Housing Society is involved in this redevelopment project as the owner of the residential premises being redeveloped. The society’s collaboration with Atlantaa Limited is part of a broader trend of housing societies in Mumbai partnering with developers to enhance residential infrastructure and living conditions.
Atlantaa Limited is a longstanding infrastructure and real estate development company in India, with a legacy spanning over 48 years. The company has delivered numerous urban infrastructure projects, EPC works, and residential developments. Atlantaa is known for its commitment to innovation, quality, and modern design, focusing on developing functional, community-oriented, and future-ready developments across the Mumbai Metropolitan Region.