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MODI’S NAVNIRMAN LIMITED — Investor Presentation 2026
May 15, 2026
62973_rns_2026-05-15_c1420433-472e-4b93-be4b-287df5a46d3a.pdf
Investor Presentation
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MODIS
NAVNIRMAN
Dated: 15/05/2026
| To,
National Stock Exchange of India Limited
Exchange Plaza,
Plot No. C/1, G’ Block,
Bandra-Kurla Complex,
Bandra (E), Mumbai – 400 051
Symbol / Scrip Code – MODIS | To,
BSE Limited
Corporate Relationship Dept.,
Phiroze Jeejeebhoy Towers,
Dalal Street, Fort,
Mumbai – 400 001
Scrip Code – 543539 |
| --- | --- |
Subject: Submission of Investor Presentation – FY 2025-26 (Q-4)
Dear Sir/Madam,
Pursuant to the relevant provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit the Investor Presentation for FY 2025-26 (Q-4) ended March 31, 2026.
The said Investor Presentation is enclosed herewith and is also being uploaded on the Company’s website at www.modisnirman.com for the information of stakeholders.
You are requested to kindly take the above on record.
This is for your information and record.
Thanking you,
For Modis Navnirman Limited
MAHEK
DINESH
MODI
Mr. Mahek D. Modi
Whole Time Director & CFO
DIN- 06705998
MODIS NAVNIRMAN LTD. | CIN: L45203MH2022PLC377939
Corporate Address: Shop No. 01, Rashmi Heights, M.G. Road, Kandivali (W), Mumbai - 400 067.
@ [email protected] | @ www.modisnirman.com | © +91 9819 9891 00

MODIS
NAVNIRMAN
"We Don't Build Walls, We Build Homes"
Investor Presentation Q4 & FY26

Investor Presentation
MODIS
MODIS NAVNIRMAN
Disclaimer
Certain statements in this communication may be ‘forward looking statements’ within the meaning of applicable laws and regulations. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. Important developments that could affect the Company’s operations include changes in the industry structure, significant changes in political and economic environment in India and overseas, tax laws, import duties, litigation and labor. Modis Navnirman Limited will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.
MODIS
MAYNIMAR

Table of Contents
- Company Overview
- Indian Real Estate Industry
- Financial & Operational Highlights
- Business Overview
- Project Highlights
Company Overview

Modis Navnirman Limited—Building Homes with Love and Purpose
MODIS NAVNIRMAN
| Legacy & Scale | Strong Financial Profile | Vision & Philosophy |
|---|---|---|
| Founded by Mr. Dinesh C. Modi in 2009 | Asset-light and capital-efficient business model ensuring steady growth | To create spaces that inspire and enrich lives, combining quality, trust, and innovation |
| Among India’s emerging premium real estate developers with a strong brand reputation | Healthy operating cash flows and strong sales momentum across projects | Committed to becoming one of India’s most trusted real estate partners |
| 07.22+ lakh sq. ft. delivered, 12.11+ lakh sq. ft. ongoing, and 09.00+ lakh sq. ft. upcoming | Consistent improvement in margins and return ratios through prudent cost management | Focus on responsible innovation, sustainability, and community well-being |
| Portfolio of 24 Premium Residential projects across Mumbai and adjoining regions | Low leverage and disciplined financial planning support sustainable expansion | Guided by the belief that “A house is a home when made with love.” |
| Known for architectural innovation, lifestyle-driven design, and customer-centric approach | Reinvestment focused on premium housing and recurring income assets | #Promise Fulfilled — commitment to timely delivery, transparency and customer delight |
| Benchmarking projects against global standards in quality, design and lifestyle |
Management Comment
MODIS NAVNIRMAN

Mr. Dinesh Modi
Chairman & Managing Director
"FY26 has been a landmark year for Modis Navnirman Limited, marked by our highest-ever revenue, profitability, construction progress, and project additions — reflecting the strength of our redevelopment-led business model and disciplined execution approach. FY26 also marked the Company's first-time adoption of Indian Accounting Standards (IND AS), reinforcing our commitment towards enhanced financial reporting transparency, comparability, and alignment with evolving governance standards.
During the year, our revenue from operations grew to ₹189.31 crore, while EBITDA stood at ₹38.46 crore and PAT increased to ₹29.14 crore, demonstrating healthy operational momentum across our portfolio. This performance was supported by strong execution across key projects such as Rashmi Square, Rashmi Signature, Rashmi Delight, and Rashmi Manorath, along with successful handovers of Rashmi Vasudeo and Rashmi Celestia, reinforcing our commitment to timely delivery.
We also expanded our development pipeline with the launch and progress of projects such as Rashmi Icon and Rashmi Avenue, while continuing to maintain a capital-efficient growth strategy focused on redevelopment opportunities across Mumbai's high-demand western suburbs.
A major milestone during the year was our proposed migration from the BSE SME Platform to the BSE and National Stock Exchange of India Main Boards, along with the merger of Shree Modis Navnirman Private Limited with Modis Navnirman Limited. These strategic initiatives are expected to strengthen our market positioning and create a stronger platform for future growth.
Looking ahead, we remain focused on accelerating execution across ongoing projects, expanding our redevelopment portfolio selectively, maintaining financial discipline, and creating long-term value for all stakeholders."
MODIS NAVNIRMAN
Key Performance Indicators – FY26
Area Sold (Sq. Ft.)
☑ 53,000 Sq. Ft. (23 % YoY) in FY26
REVENUE
☑ INR 189.31 Cr (84 % YoY) in FY26
EBITDA
☑ INR 38.46 Cr (35 % YoY) in FY26
PAT
☑ INR 29.14 Cr (26 % YoY) in FY26
ESG & Brand Performance
Strengthening Our Social Responsibility and Brand Impact
- The Company has initiated the establishment of its dedicated CSR arm, Modis Navnirman Foundation, incorporated on January 20, 2026, to drive sustainable and social impact initiatives.
MODIS NAVHIRMAK
FY26 - Other Highlights
MIGRATION
(BSE SME → Main Board)
BSE & NSE
Our company is proudly migrating from the BSE SME Platform to the BSE & NSE Main Board — a significant milestone reflecting our consistent growth, strong performance, and enhanced credibility in the capital market.
MERGER
(Shree Modis Navnirman Pvt. Ltd. → Modis Navnirman Ltd.)
Shree Modis Navnirman Private Limited is merging with Modis Navnirman Limited — a strategic consolidation aimed at strengthening our operational efficiency, brand value, and future expansion plans
Handovers (90 Units)
Handovers (81 Units)
In H1, the Company successfully handed over the "Rashmi Vasudeo" project located at Shimpoli, Borivali (West). The project comprised a total of 90 residential units. This milestone reflects our continued focus on timely delivery and customer satisfaction.
In H2, the Company successfully handed over the "Rashmi Celestia" project located at L. T. Road, Borivali (West). The project comprised a total of 81 residential units. This milestone reflects our continued focus on timely delivery and customer satisfaction.
ONGOING PROJECT PROGRESS SUMMARY-FY 26
| Sr. No. | Project Name | Location | Segment | Slab Completion |
|---|---|---|---|---|
| 1 | Rashmi Square | Borivali (W) – Linking Road | Residential & Commercial | 20th Slab Completed |
| 2 | Rashmi Signature | Malad (W) – S.V. Road | Residential | 19th Slab Completed |
| 3 | Rashmi Delight | Kandivali (W) - Shantilal Modi Road | Residential & Commercial | 11th Slab Completed |
| 4 | Rashmi Manorath | Borivali (E) - Datta Pada | Residential | 10th Slab Completed |
| 5 | Rashmi Icon | Malad (W) - Shankar Lane, Orlem | Residential & Commercial | Plinth Stage |
| 6 | Rashmi Avenue | Dahisar (W) - Kandarpada | Residential & Commercial | Plinth Stage |


COMPLETED
14 PROJECTS
07.22 Lakhs Sq. Ft.
ONGOING
06 PROJECTS
12.11 Lakhs Sq. Ft.
UPCOMING
04 PROJECTS
09.00 Lakhs Sq. Ft.
Financial Update
Investment Properties
Development Properties
MODIS MAYNIMAR
Project Till Date Synopsis – Key Development Properties
| Project Name | Carpet Area | Area Booked Till Date | Inventory as on Date | Project Completion |
|---|---|---|---|---|
| (Sq. ft. in lakh) | (Sq. ft. in lakh) | (Sq. ft. in lakh) | (%) | |
| Rashmi Square | 0.82 | 0.60 | 0.22 | 68.94% |
| Rashmi Signature | 1.43 | 0.82 | 0.61 | 50.00% |
| Rashmi Delight | 0.36 | 0.26 | 0.10 | 44.55% |
| Rashmi Manorath | 0.49 | 0.30 | 0.19 | 36.37% |
| Rashmi Celestia | 0.70 | 0.65 | 0.04 | 100.00% |
| Rashmi Enclave | 0.36 | 0.34 | 0.02 | 100.00% |
| Rashmi Jewel | 0.41 | 0.38 | 0.03 | 100.00% |
| Rashmi Icon | 1.45 | 0.88 | 0.57 | 14.27% |
| Rashmi Avenue | 1.33 | 0.67 | 0.66 | 0.60% |
| Total | 7.35 | 4.92 | 2.43 |
Important Associates
MODIS HAYNISMAN
Architects

Sanjay B. Shah B.E. (Civil)
LICENCED SURVEYORS & ENGINEERS
space vision
Architect and Planner
Licesioning Architect
Mr. Nilesh Makwana

Designer & Consultants
Hiren M. Tanna
B.E., M.I.E.
R.C.C. & Structural Design Engineers

HORIZON
ARCHITECTS

SOMAIYA
& ASSOCIATES
ANTONY CHUNGATH
enviro
MAK
ME²
CONSULTANTS
Banking Partner

kotak
Kotak Mahindra Bar
HDFC BANK

Indian Real Estate Industry

INDIAN REAL ESTATE SECTOR OVERVIEW & GROWTH OUTLOOK
MODIS HAYNISMAN
A $10 trillion opportunity by 2047
Macro Growth Drivers

6-8% GDP in 2025
14-20% GDP by 2047

India’s Real Estate market size is expected to expand from USD 0.3 trillion (2025) to USD 5–10 trillion by 2047

Median age: 29 years – young workforce driving housing demand and ownership aspirations
Urban population to rise from 37% to 53% by 2050, boosting demand for housing, mixed-use, and commercial spaces

Average home size up ~35% in the past five years ₹1 crore+ homes rose from 15% to 49% market share (2018–2025)

Infrastructure-led expansion - Over USD 2.4 trillion investment needed by 2050 in metros, roads, and logistics, opening new corridors in Tier I, II & III cities

Institutional investment - ~USD 80 bn infused in Indian real estate since 2010 driven by reforms such as RERA, GST, and REITs, and digitization of land records, enhancing investor confidence
India’s Real Estate Transformation Sets the Stage for Organized Developers
Source: MOSPI-Ministry of Statistics and Programme Implementation, IMF-International Monetary Fund, Industry, Colliers
Note: GDP represents nominal values at current prices
SEGMENT OUTLOOK | 2026 Performance & Growth Trajectory
MODIS MAYNIMAN
Residential
2026 NOW
- $438.5B market size in 2026 (Mordor Intelligence, Feb 2026)
- New launches +6–9% YoY; 300,000+ units expected in 2026 (Cushman & Wakefield, Mar 2026)
- Home prices +7% YoY; luxury ₹4Cr+ up 28% YoY (IBEF / Wright Research)
LONG-TERM OUTLOOK
- 9.88% CAGR → $702.4B by 2031 (Mordor Intelligence, Feb 2026)
- RE = 13% of GDP by 2030 vs 7.3% today (IBEF, Apr 2026)
- 74% of buyers now under 35 yrs — structural demand underpinned
Office / Commercial
2026 NOW
- 70–75 MSF annual leasing forecast 2026 (Colliers, Mar 2026)
- GCCs: 48% of Q1 2026 leasing; 30–35 MSF expected full-year (Colliers, Mar 2026)
- Net absorption ~55 MSF; rentals firming 5–10% vs 2024 (Colliers, Mar 2026)
LONG-TERM OUTLOOK
- GCCs: 1,700 today → 2,400+ by 2030; $105–110B GCC market (iKeva Q1 2026)
- Flex stock to hit 85–90 MSF by 2026; 100+ MSF by 2027 (Colliers, Mar 2026)
- Commercial CAGR 10.79% to 2031 — fastest major segment (Mordor Intelligence, Mar 2026)
Industrial & Logistics
2026 NOW
- 50+ MSF leasing in 2026 — 4th consecutive year (Cushman & Wakefield, Mar 2026)
- Rentals rising 5–7%; EV + 3PL + e-commerce driving Grade A demand
- H1 2025 leasing: 27.1 MSF — up 63% YoY (iKeva Q1 2026 Report)
LONG-TERM OUTLOOK
- Fastest sub-segment by CAGR at 10.79% through 2031 (Mordor Intelligence, Mar 2026)
- Manufacturing push (PLI schemes) + e-com growth to sustain absorption
- Tier II/III warehousing corridors: next frontier for institutional grade assets
Emerging: Data Centres & REITs
2026 NOW
- Data centre colocation capacity: 1.7 GW by end-2026 (Cushman & Wakefield, Mar 2026)
- AI adoption in corporate RE: 5% (2023) → 91% (2025) in just 2 years (FICCI-KPMG, May 2026)
- 5 listed REITs: 175+ MSF, 91% occupancy, ₹1.6L Cr market cap (Mordor Intelligence, Mar 2026)
LONG-TERM OUTLOOK
- SEBI Jan 2026 REIT reclassification as equity → accelerates new listings
- SM-REIT guidelines to unlock $1.2B in new liquidity by 2027 (Mordor Intelligence)
- Co-living + senior living: institutionalisation accelerating across Tier I/II cities
Sources: (1) Mordor Intelligence 'India Real Estate', mordorintelligence.com/industry-reports/real-estate-industry-in-india, Mar 2026 | (2) Mordor Intelligence 'India Residential Real Estate', mordorintelligence.com/industry-reports/residential-real-estate-market-in-india, Feb 2026 | (3) Colliers 'India Office Market Demand Forecast 2026', colliers.com/en-in/news/press-release-india-office-outlook-2026, Mar 20 2026 | (4) Cushman & Wakefield 'India Outlook 2026', cushmanwakefield.com/en/india/insights/india-outlook, Mar 28 2026 | (5) iKeva 'Q1 2026 India Real Estate & Office Space Outlook', ikeva.com, Mar 2026 | (6) FICCI-KPMG 'Reimagining India's Real Estate Landscape', May 8 2026 | (7) Business Today 'Real Estate Tracker April 2026', businesstoday.in, Apr 25 2026
MODIS HAVNIRAN
GROWTH DRIVERS & RISKS | Structural Tailwinds vs. Key Watch Factors
GROWTH DRIVERS — NOW & LONG TERM
- RBI Rate Easing (2026 catalyst): Home loan rates at 8.10% post >100 bps cuts; mid-segment demand impulse fully playing out in 2026 (Mordor Intelligence, Feb 2026)
- GCC Structural Engine: 1,700 GCCs today → 2,400+ by 2030; 48% of Q1 2026 office leasing; $105–110B GCC market by 2030 (iKeva Q1 2026; Business Today, Apr 2026)
- Urbanisation Megatrend: 600M urban population by 2026; 500M+ by 2047; Tier II/III cities unlocking next growth wave (Altois; IBEF)
- Infra Budget Push: ₹11.2L Cr Union Budget capex FY26; metro, expressways, logistics corridors creating new RE demand corridors (CBRE 2026)
- REIT & Capital Market Deepening: SEBI Jan 2026 REIT equity reclassification; SM-REITs to add $1.2B by 2027; AIFs expanding investable universe (Mordor Intelligence, Mar 2026)
- Data Centre & AI Boom: AI in corp RE: 5% → 91% in 2 years; 1.7 GW colocation by end-2026; edge data centres expanding to Tier II (FICCI-KPMG, May 2026)
- GDP Resilience: FY26 GDP forecast 7.6% (CBRE/C&W); RE sector expected to grow 8–9% in 2026 (Whalesbook / Colliers, Dec 2025)
KEY RISKS & WATCH FACTORS
- Foreign FDI Pullback: Foreign RE investment share fell to 13% in Q1 2026 from 40%+ a year ago; geopolitical tensions dampening cross-border capital (Vestian/Business Standard, Apr 2026)
- Luxury Concentration: 50%+ of residential sales skew >₹1 Cr; mid-income affordability gap widening despite rate cuts; first-time buyer squeeze (Outlook Money, Dec 2025)
- Supply Overhang Risk: 154% YoY surge in new office launches in Q1 2026; absorption must keep pace to prevent vacancy build-up in select micro-markets (Business Today, Apr 2026)
- Rate Reversal Risk: Any global inflation shock reversing RBI accommodation could dampen mid-segment recovery — particularly sensitive in 2026 (Outlook Money, Dec 2025)
- Regulatory Patchwork: RERA implementation inconsistent across states; project approval delays continue inflating construction timelines and costs
- Global Trade Headwinds: US tariff uncertainty + macro volatility could slow GCC expansion and moderate foreign PE deployment into H2 2026 (Colliers 2026)
Sources: (1) Vestian / Business Standard, business-standard.com/industry/news/real-estate-inflows-hit-1-4-bn-in-q1-2026, Apr 1 2026 — foreign investment 13% | (2) Cushman & Wakefield 'India Outlook 2026', cushmanwakefield.com/en/india/insights/india-outlook, Mar 28 2026 — RBI, data centres | (3) CBRE 'India RE Investment Market Outlook 2026' — GDP 7.6% FY26 | (4) Colliers 'India Office Outlook 2026', colliers.com/en-in/news/press-release-india-office-outlook-2026, Mar 20 2026 — supply surge | (5) iKeva 'Q1 2026 India RE & Office Space Outlook', ikeva.com, Mar 2026 — GCC pipeline | (6) FICCI-KPMG 'Reimagining India's Real Estate Landscape', May 8 2026 — AI adoption | (7) Outlook Money 'Real Estate Outlook 2026', outlookmoney.com, Dec 29 2025 — affordability | (8) Business Today, businesstoday.in, Apr 25 2026 — 154% launch surge
Modis Navnirman — Positioned to Capture the Growth Wave
MODIS
STRATEGIC REDEVELOPMENT FOCUS
- Concentrated presence in Mumbai’s high-demand western suburbs — Borivali, Kandivali, Malad & Dahisar
ROBUST PROJECT PIPELINE
- Multiple ongoing and upcoming projects including Rashmi Square, Rashmi Signature, Rashmi Manorath, Rashmi Delight, Rashmi Avenue, Rashmi Paradise, ensuring visibility of revenues and strong execution flow
ASSET-LIGHT MODEL
- Focus on capital efficiency and partnership-driven redevelopment keeps debt minimal while expanding the project portfolio
EXECUTION & BRAND TRUST
- Proven record of timely delivery, construction quality, and community-focused design enhances buyer and investor confidence
REDEVELOPMENT EXPERTISE
FINANCIAL DISCIPLINE
GROWTH READY

Financial Highlights
Financial Performance
MODIS HAYHIRMAN
INR Cr

REVENUE

EBITDA

PAT
MODIS HAYHIRAN
Key Project Metrics for FY26
INR Cr
| Projects | Revenue | Spends |
|---|---|---|
| Rashmi Vasudeo | 13.92 | 14.05 |
| Rashmi Celestia | 60.80 | 57.32 |
| Rashmi Square | 49.44 | 36.36 |
| Rashmi Signature | 31.12 | 14.48 |
| Rashmi Delight | 11.16 | 8.00 |
| Rashmi Manorath | 6.93 | 3.64 |
| Old Projects | 15.94 | 13.12 |
| Total | 189.31 | 146.97 |
FY26 Consolidated Profit and Loss
MODIS HAYHIMAN
INRCr
| Particulars | Q4 FY26 | Q4 FY25 | Y-o-Y (%) | FY26 | FY25 | Y-o-Y (%) |
|---|---|---|---|---|---|---|
| Revenue from Operations | 51.49 | 19.94 | 158% | 189.31 | 102.91 | 84% |
| Other income | 2.79 | 0.78 | 3.37 | 1.66 | ||
| Total income | 54.28 | 20.72 | 162% | 192.68 | 104.57 | 84% |
| Costs of Projects | 46.59 | 1.53 | 189.98 | 103.13 | ||
| Changes in Inventories | -1.16 | 5.74 | -42.90 | -31.19 | ||
| Total Raw Material Expenses | 45.43 | 7.27 | 525% | 147.08 | 71.94 | 104% |
| Gross Profit | 8.86 | 13.45 | -34% | 45.61 | 32.63 | 40% |
| Gross Profit margin% | 17.20% | 67.47% | 24.09% | 31.71% | ||
| Employee Cost | 1.03 | 7.41 | 3.72 | 2.91 | ||
| Other expenses | 0.26 | 2.13 | 3.43 | 1.25 | ||
| Total Expenditure | 46.72 | 16.80 | 154.22 | 76.10 | ||
| EBITDA | 7.56 | 3.92 | 93% | 38.46 | 28.47 | 35% |
| EBITDA Margin % (Incl. Other Income) | 13.93% | 18.90% | 19.96% | 27.22% | ||
| Finance Costs | 1.57 | 0.46 | 1.65 | 0.72 | ||
| Depreciation | 0.09 | 1.48 | 0.40 | 0.40 | ||
| Profit Before Tax | 5.90 | 1.97 | 199% | 36.40 | 27.35 | 33% |
| Tax | 1.59 | 0.48 | 7.26 | 4.31 | ||
| Other comprehensive income | -0.14 | -0.02 | 0.00 | -0.07 | ||
| Profit After Tax | 4.45 | 1.52 | 193% | 29.14 | 23.11 | 26% |
| PAT Margin % | 8.20% | 7.33% | 15.12% | 22.10% | ||
| Basic EPS | 2.27 | 0.77 | 14.89 | 11.80 |
FY26 Balance Sheet
MODIS HAVNIRMAN
INRCr
| Equity & Liabilities | FY26 | FY25 |
|---|---|---|
| Shareholders Funds | ||
| Equity Share Capital | 19.59 | 19.59 |
| Other Equity | 137.07 | 107.93 |
| Non Current Liabilities | ||
| Financial Liabilities | 0.00 | 0.00 |
| Lease Liabilities | 0.22 | 0.69 |
| Provisions | 0.41 | 0.26 |
| Non - Current Tax liability (net) | 4.04 | 1.48 |
| Current Liabilities | ||
| Financial Liabilities | ||
| Borrowings | 5.62 | 3.34 |
| Lease Liabilities | 0.48 | 0.41 |
| Trade Payables | 48.33 | 22.73 |
| Other Trade Payables | ||
| Other Financial Liabilities | 1.27 | 1.17 |
| Other Current Liabilities | 87.91 | 124.56 |
| Provisions | 0.005 | 0.003 |
| Total Equity & Liabilities | 304.94 | 282.17 |
| Assets | FY26 | FY25 |
| --- | --- | --- |
| Non Current Assets | ||
| Property, Plant and Equipment | 0.03 | 0.02 |
| Right-Of-Use Assets | 0.55 | 0.93 |
| Intangible Assets | ||
| Investments | 1.17 | 3.16 |
| Other Financial Assets | 1.96 | 1.83 |
| Deferred Tax Assets (Net) | 0.15 | 0.10 |
| Other Non Current Assets | 0.42 | 0.00 |
| Current Assets | ||
| Inventories | 146.42 | 103.52 |
| Trade Receivables | 8.80 | 1.31 |
| Cash & Cash Equivalents | 1.47 | 0.98 |
| Bank Balance other than Cash | 3.45 | 2.32 |
| Loans | 0.00 | 0.06 |
| Other Financial Assets | 0.05 | 0.05 |
| Other Current Assets | 140.47 | 167.87 |
| Total Assets | 304.94 | 282.17 |

Business Overview

Growth Drivers
MODIS MAYNIMAR

Asset-light, scalable model through partnership-driven redevelopment approach
Focus on MHADA, SRA & Society Redevelopment, ensuring low land cost and steady margins

Leverage expertise in residential redevelopment across Mumbai suburbs
Strong track record in micro-markets like Malad, Kandivali, and Borivali

Strengthen position in the mid-income and aspirational housing segment
Delivering 14–18 storey residential towers tailored for urban buyers

Focus on projects in high-demand, infrastructure-connected zones
All developments located near key suburban hubs and transit corridors

Accelerate growth through large-scale, high-rise and mixed-use projects
Robust development pipeline of 6+ lakh sq. ft. combining residential towers with commercial spaces

Benefit from rising demand for quality urban housing and supportive policy environment
Aligned with government initiatives like RERA, PMAY, and Mumbai’s redevelopment push
O
MODIS
Ongoing Project
Rashmi Signature
Redefine Luxury Living, Malad (W)
- 18 Story Building with 3 Wings
- 210 Flats, 3 Podium
Project Year: May 2024
To be Completed: Aug 2027
Total Area: 2,70,000 Sq. ft
Location: S.V. Road, Malad (W)
"Signature Homes That Define Modern Elegance"

Ongoing Project
Rashmi Square
Elegant Living, Borivali (W)
- 21 Story Building with 2 Wings
- 130 Flats, 10 Shops, 7 Office, 3 Podium
Project Year: Dec 23
To be Completed: May 2027
Total Area: 1,75,000 Sq. ft
Location: Linking Road, Borivali (W)
"Not just a Space, a capivating symbol to reside in!"

Ongoing Project
MODIS

Rashmi Manorath
- 17 Story Building with 87 Flats & 3 Podium
- Project Year: Jan 24
- To be Completed: May 2026
- Total Area: 1,11,000 Sq. ft.
- Location: Datta Pada Road, Borivali (E)

Rashmi Delight
- 17 Story Building with 53 Flats & 3 Shops with 3 Podium
- Project Year: Jan 25
- To be Completed: Aug 2027
- Total Area: 55,000 Sq. ft.
- Location: Shantilal Modi Road, Kandivali (W)
O
MODIS
Ongoing Project
Rashmi Icon
Shankar Lane, Orlem, Malad (W)
- 20 Story Building with 3 Wings
- 201 Flats, 16 Shops, 9 Offices, 4 Podium
Project Year: February 2026
To be Completed: August 2029
Total Area: 3,50,000 Sq. ft.
Location: Shankar Lane, Orlem, Malad (W)
"Iconic way of Living!"

O
MODIS
Ongoing Project
Rashmi Avenue
Kandarpada, Dahisar (W)
- 21 Story Building with 3 Wings
- 225 Flats, 18 Shops, 2 Offices, 3 Podium
Project Year: March 2026
To be Completed: August 2029
Total Area: 3,00,000 Sq. ft.
Location: Kandarpada, Dahisar (W)
"Beyond Walls, A Legacy to Live In!"

MODIS MACHINING
Completed Projects
Rashmi Celestia
L . T. Road, Borivali (W)
- 17 Story Building
- 63 Flats & 20 Shops
Project Completed Year : Mar-2026
Total Area : 1,30,000 Sq. ft.
Location : L .T. Road, Borivali (W)
"Where Convenience Meets Luxury."

MODIS
MAXWIMAN
Completed Projects
Rashmi Vasudeo
Seamless Connectivity for the Modern Explorer, Borivali (W)
- 18 Storey Building
- 89 Flats
Project Completed Year : Aug 2025
Total Area : 95,500 Sq. ft.
Location : Shimpoli, Borivali (W)
"Discover Serenity in the Heart of the city."

Upcoming Projects
MODIS HANNIMAN

Rashmi Paradise

Rashmi Sheetal
Upcoming Projects
MODIS BANHIRAN

Rashmi Gold

Govind Dalvi Nagar
MODIS NAVNIRMAN
Thank You
| Modis Navnirman Limited
Mahek Modi
CFO | Adfactors IR Team
Saloni Nagvekar
[email protected] |
| --- | --- |