In a landmark move set to redefine the skyline of Navi Mumbai, EV Homes Constructions Private Limited has been officially appointed as the developer for the redevelopment of Nakshatra CHS, spread approximately across three acres located in the prime enclave of Sector 9, Vashi. With a staggering Gross Development Value (GDV) exceeding ₹2,500 crore, the project is poised to be the largest redevelopment initiative in Navi Mumbai’s history.This ambitious undertaking not only cements EV Homes’ leadership in the redevelopment segment but also marks a pivotal chapter in the city’s transformation. Known for pioneering real estate developments across Navi Mumbai for the past 36 years, with projects delivered before time in every node of Navi Mumbai. EV Homes also boasts of special expertise when it comes to redevelopment in Navi Mumbai with the distinction of being the first developer to hand over completed redevelopment projects in Navi Mumbai almost 15 years ago.With over 36 years of legacy and a reputation for quality, transparency, and timely delivery, EV Homes is today the largest redevelopment player in Navi Mumbai. The company’s vision extends far beyond individual societies and aims to transform Navi Mumbai into a global city inspired by the vibrancy and skyline of New York by following cluster redevelopment.The Nakshatra CHS cluster redevelopment project is a testament to that vision. Strategically located in one of the most sought-after Commercial hotspots of Vashi, this project will deliver cutting-edge infrastructure, upscale commercial spaces and high street retail spaces, and world-class amenities. It will serve as a catalyst in turning Vashi Sector 9 into Navi Mumbai’s next hotspot destination, drawing investors, homeowners, and commercial players alike.Speaking on the occasion, Vicky Thomas, Director at EV Homes stated, “We are honored to be entrusted with this monumental cluster redevelopment. Our commitment goes beyond construction and is about creating iconic spaces and reshaping urban living. With a pipeline of 50 million square feet of redevelopment projects planned over the next 5 years, we are steadfast in our goal to drive Navi Mumbai’s evolution into a globally recognised urban center.”EV Homes’ impressive pan-India portfolio and multinational outlook have already borne fruit with landmark projects such as EV 10 Marina Bay, EV 9 Square, and EV 23 Malibu West. Currently ongoing, each of these developments exemplifies the company’s focus on innovative design, sustainable construction, and delivering long-term value to residents and stakeholders.Director Ricki Thomas further adds, “Vashi is poised to undergo a transformation at a scale unheard of before and we believe EV Homes’ redevelopment project with Nakshtra CHS will be the star that will herald Navi Mumbai’s entry into becoming a future megapolis of growth, opportunity and high standard of life.”With excellent connectivity, robust infrastructure, and a rising demographic dividend, Navi Mumbai is witnessing unprecedented interest from developers and investors. EV Homes stands at the forefront of this momentum, with the Nakshatra CHS cluster redevelopment project serving as a beacon of the city’s potential.The claims and views in the article are of EV Homes Constructions Private Limited only, and provided for general information purposes. The news and editorial staff has no role in the creation of this article nor vouch for or endorse this content.Disclaimer: This article has been produced on behalf of EV Homes by Times Internet’s Spotlight team
