Modis Navnirman Limited Marks Bhoomi Poojan of 'Rashmi Avenue', a Mixed-Use Redevelopment Project in Dahisar, Mumbai

Modis Navnirman Limited, one of Mumbai's rapidly growing real estate developers, marked a key milestone with the successful Bhoomi Poojan ceremony of its upcoming residential and commercial project, Rashmi Avenue, located at CTS No. 829, Village Eksar, Kandarpada, Dahisar (West), Mumbai. This milestone marks the formal commencement of construction for a thoughtfully planned mixed-use development in one of the city's evolving suburban micro-markets.

Rashmi Avenue is envisioned as a modern, community-centric development, located on a plot area of approximately 4,836.25 sq. mtrs. The project will feature 225 residential apartments, 18 commercial shops, and 1 commercial office, designed to cater to the evolving lifestyle and business needs of the neighbourhood. The redevelopment will replace the existing structure comprising 119 residential flats and 17 commercial shops, further enhancing the value and utility of the space.

Strategically located in Dahisar (West), Rashmi Avenue offers excellent connectivity to key parts of Mumbai, along with access to essential social infrastructure, making it an attractive destination for both homebuyers and businesses. The development aims to blend contemporary design with functional living, offering residents a comfortable and convenient urban lifestyle.

Speaking on the occasion, Mr. Mahek Modi, Whole-Time Director & Chief Financial Officer, Modis Navnirman Limited, said: "Rashmi Avenue represents our continued focus on redevelopment-led growth and our commitment to transforming existing communities into modern, future-ready living spaces. The Bhoomi Poojan marks an important step forward, and we remain dedicated to delivering high-quality construction, efficient design, and long-term value for our residents and stakeholders."

Rashmi Avenue further strengthens Modis Navnirman Limited's expanding footprint in Mumbai's redevelopment space and reinforces its vision of creating sustainable, well-planned, and community-driven developments.

Shares of Modis Navnirman Limited was last trading in BSE at Rs. 308.00 as compared to the previous close of Rs. 302.00. The total number of shares traded during the day was 898 in over 161 trades.

The stock hit an intraday high of Rs. 322.70 and intraday low of 308.00. The net turnover during the day was Rs. 285126.00.

Source : Equity Bulls

Keywords

ModisNavnirman INE0L0L01012 Residential CommercialProjects BhoomiPoojan RashmiAvenue