Mumbai | December 23, 2025
Mumbai-based real estate developer Sumit Woods Limited has secured the redevelopment mandate for Pruthvi Enclave Co-operative Housing Society Ltd., located in Borivali (East), strengthening its position in the city’s fast-growing urban redevelopment segment.
The redevelopment site is strategically positioned in one of Mumbai’s high-demand residential corridors, with close proximity to Magathane Metro Station, the Western Express Highway, and established commercial and retail destinations such as Oberoi Sky City. The location offers seamless connectivity across western suburbs while benefiting from steady infrastructure-led appreciation.
The mandate adds to Sumit Woods Limited’s expanding redevelopment portfolio at a time when Mumbai’s ageing housing stock is increasingly being replaced by modern, regulation-compliant residential developments. Industry observers note that redevelopment projects continue to offer developers stable long-term visibility, given their asset-light land acquisition model and predictable demand.
The company operates under the leadership of Bhushan Nemlekar, who represents the next generation of the promoter family and brings global academic exposure through a Harvard Business School Executive MBA. Over the past three decades, the Sumit Group has built a reputation for disciplined execution, engineering-led construction practices, and timely delivery across Mumbai and Goa.
With more than 39 years of operating history, the Group has completed 64+ real estate projects, positively impacting housing for over 6,000 families. Its redevelopment-focused approach emphasises safety upgrades, improved building layouts, sustainable design, and modern amenities—key decision drivers for housing societies evaluating redevelopment partners.
Sumit Woods’ current project portfolio includes residential developments such as Sumit KMR Param (Borivali West), Hedavkarvadi (Prabhadevi), Sumit Star Exclusif (Bhayandar), Brothers Society (Mahim), and Bhaktisudha (Santacruz). Collectively, the company has approximately 45 lakh sq. ft. under active development, with an additional 15 lakh sq. ft. in the pipeline.
Looking ahead, the developer plans to scale its redevelopment footprint across multiple western and central Mumbai micro-markets, including Borivali, Malad, Dadar, Vile Parle, Mahim, and Bhandup. The company currently maintains an order book exceeding ₹3,000 crore, providing multi-year revenue visibility.
Market participants view the latest mandate as aligned with Sumit Woods Limited’s long-term strategy of leveraging Mumbai’s redevelopment cycle to build a resilient, redevelopment-led real estate platform while maintaining capital efficiency and execution control.
Moneycontrol Journalists are not involved in creation of this article.
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