{"id":3031,"date":"2023-02-23T12:14:00","date_gmt":"2023-02-23T06:44:00","guid":{"rendered":"https:\/\/www.crematrix.com\/blog\/?p=3031"},"modified":"2026-05-13T12:16:05","modified_gmt":"2026-05-13T06:46:05","slug":"sheth-homes-enters-kandivali-redevelopment-project","status":"publish","type":"post","link":"https:\/\/www.crematrix.com\/blog\/sheth-homes-enters-kandivali-redevelopment-project\/","title":{"rendered":"Sheth Homes Enters Kandivali Redevelopment Project"},"content":{"rendered":"\n<p>Mumbai\u2019s redevelopment market continues to attract strong developer interest, with the latest transaction highlighting growing momentum in slum rehabilitation-led residential projects. According to property registration documents accessed through <a href=\"http:\/\/www.crematrix.com\">CRE Matrix, <\/a>Sheth Homes, part of the Ashwin Sheth Group, has entered into a joint development agreement with Bombay Slum Redevelopment Corporation for a large residential project in Kandivali, Mumbai.<\/p>\n\n\n\n<p>The transaction reflects rising developer confidence in Mumbai\u2019s suburban redevelopment opportunities, where large land parcels remain limited and demand for residential supply continues to stay strong.<\/p>\n\n\n\n<h2><strong>Deal Details<\/strong><\/h2>\n\n\n\n<p>Sheth Homes has secured development rights for the free-sale component of a slum rehabilitation project spread across nearly 8 acres in Kandivali. The project is expected to deliver close to 1 million sq ft of saleable area.<\/p>\n\n\n\n<p>As part of the agreement, Sheth Homes will invest over \u20b9400 crore and will also pay a \u20b9100 crore deposit in tranches for acquiring development rights. The agreement, registered on February 3, attracted stamp duty of nearly \u20b912 crore, according to documents reviewed through CRE Matrix.<\/p>\n\n\n\n<p>Under the revenue-sharing arrangement, Sheth Homes will receive 61% of the project revenue, while Bombay Slum Redevelopment Corporation will hold a 39% share. Based on current market valuations, Sheth Homes\u2019 share is estimated at around \u20b9236 crore.<\/p>\n\n\n\n<h2><strong>Why Are Redevelopment Transactions Rising in Mumbai?<\/strong><\/h2>\n\n\n\n<p>Redevelopment projects continue to gain traction in Mumbai as developers look for scalable opportunities in a land-constrained market. Slum rehabilitation projects offer access to prime urban locations while creating new residential inventory in established micro-markets.<\/p>\n\n\n\n<h2><strong>What Does This Deal Indicate for Mumbai\u2019s Residential Market?<\/strong><\/h2>\n\n\n\n<p>The Kandivali transaction highlights sustained confidence in Mumbai\u2019s redevelopment-led housing market. As infrastructure improves and housing demand remains steady across western suburbs, redevelopment is becoming a major driver of the city\u2019s future residential supply.<br><br>Elevate your decisions in real estate as a developer or broker with CRE Matrix\u2018s data-driven insights.\u00a0<a href=\"https:\/\/www.crematrix.com\/#schedule_demo\">Book a demo now<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai\u2019s redevelopment market continues to attract strong developer interest, with the latest transaction highlighting growing momentum in slum rehabilitation-led residential projects. According to property registration documents accessed through CRE Matrix,&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3041,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[147],"tags":[154,13,4],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sheth Homes Kandivali Redevelopment Project | \u20b9400 Crore Mumbai Residential Deal<\/title>\n<meta name=\"description\" content=\"Sheth Homes has partnered with Bombay Slum Redevelopment Corporation for a \u20b9400 crore Kandivali redevelopment project spanning nearly 1 million sq ft in Mumbai.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.crematrix.com\/blog\/sheth-homes-enters-kandivali-redevelopment-project\/\" \/>\n<meta property=\"og:locale\" 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