Mumbai: Lloyds Realty Plans ₹1,935-Crore Cluster Redevelopment Project In Goregaon West With 771 Homes
Mumbai, September 1, 2026: A private developer named Lloyds Realty, a subsidiary of Lloyds Enterprises, plans to invest Rs 1,935 crore through its associate company in a cluster redevelopment project involving five housing societies in Mahesh Nagar, Goregaon West. The project, located along S.V. Road, will bring the five societies under a single development plan. Development agreements have been…
Mumbai's Lloyds Realty, a subsidiary of Lloyds Enterprises, is set to invest Rs 1,935 crore in a cluster redevelopment project in Goregaon West. The five housing societies in Mahesh Nagar will be brought together under a single development plan along S.V. Road. The project is expected to deliver 771 residential units, with 461 of these units designated as rehabilitation homes for existing residents, and 310 units available for sale in the open market.
The redevelopment plan covers a construction area of around 30 lakh sq ft, along with 10 rehabilitation shops for current commercial occupants. Ravi Agarwal, the chairman and managing director of Lloyds Realty, highlighted that the project will unify five societies, allowing for a cohesively planned precinct and maintaining the presence of existing residents in their familiar neighborhood.
With an investment of Rs 1,935 crore, the project is a significant addition to Mumbai's redevelopment pipeline, showcasing the potential of well-executed cluster redevelopment in established micro-markets.
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