Atlantaa Ltd registers Development Agreement with Highway Milton Co-operative Housing Society for Redevelopment in Borivali East

Atlantaa Limited has formally executed the Development Agreement (DA) with Highway Milton Co-operative Housing Society for the redevelopment of its residential premises situated in Borivali (East), one of Mumbai's most well-connected and rapidly developing suburban micro-markets.

The project spans approximately 4,496 sq. meters of land parcel and is set to deliver an estimated 1.75 lakh sq. ft. of saleable carpet area upon completion.

With a projected Gross Development Value (GDV) of 3500 crores, this redevelopment marks a significant addition to Atlantaa Limited's expanding real estate footprint in the western suburbs. Strategically located in Borivali (East) and positioned along the Western Express Highway, the project offers excellent metro connectivity and sits within a premium residential belt known for strong infrastructure and high end-user demand. The Highway Milton redevelopment reinforces the growing shift toward premium, community focused redevelopment in Mumbai.

Designed to offer modern lifestyle features and sustainable architectural planning, the project aligns with Atlantaa Limited's commitment to developing contemporary, futureready living spaces that elevate the quality of urban living.

Commenting on this milestone, Mr. Rickiin Bbarot, Managing Director of Atlantaa Limited, said: "At Atlantaa Limited, our vision is to deliver thoughtfully designed homes that enrich the lives of residents and uplift communities. The Highway Milton CHS redevelopment is a significant step toward shaping a modern, efficient, and future-focused living environment in Borivali East. We are proud to partner with the society and contribute to the continued transformation of this vibrant neighbourhood."

The Highway Milton redevelopment reinforces Atlantaa Limited's focus on strategic, high-impact redevelopment in Mumbai's land-constrained urban landscape. It further strengthens the company's position as a trusted and progressive participant in the city's evolving real estate transformation.

Backed by a strong legacy of 48 years, a commitment to engineering excellence, and a reputation for timely delivery, Atlantaa Limited continues to expand its footprint across the MMR region, contributing meaningfully to infrastructure and residential development story.

Shares of Atlantaa Limited was last trading in BSE at Rs. 41.48 as compared to the previous close of Rs. 41.07. The total number of shares traded during the day was 2842 in over 31 trades.

The stock hit an intraday high of Rs. 41.54 and intraday low of 40.16. The net turnover during the day was Rs. 116835.00.

Source : Equity Bulls

Keywords

Atlantaa INE285H01022 DevelopmentAgreement Redevelopment BorivaliEast