Navi Mumbai is set for its biggest cluster redevelopment project as EV Homes takes charge of the transformation of Nakshatra CHS in Vashi. Valued at over ₹2,500 crore, the initiative is a landmark in the city’s urban renewal journey and reflects the rising scale of redevelopment activity across Navi Mumbai.
Located in Sector 9, the three-acre project has been billed as the single-largest redevelopment undertaking in the region. The plan not only promises new residential spaces but also includes modern commercial avenues, high-street retail, and community-focused amenities. Industry experts note that this signals a wider shift towards integrated redevelopment projects that redefine urban living standards. The momentum comes at a time when Navi Mumbai is drawing heightened interest from both developers and homebuyers. Connectivity upgrades, metro expansions, and improved infrastructure have positioned the city as a preferred hub for real estate investment. According to officials, the project is expected to elevate Vashi into a premium urban centre, comparable in design ambition to global cities.
EV Homes has emerged as one of Navi Mumbai’s most prominent players in redevelopment, with a legacy of three decades of timely project delivery. Analysts point out that cluster redevelopment—where several housing societies are rebuilt in a consolidated manner—creates stronger economies of scale, optimises land use, and enables the integration of sustainability features such as energy-efficient designs and green open spaces. The Nakshatra CHS redevelopment also holds symbolic value. It represents a move towards reducing the city’s reliance on fragmented, single-building redevelopments and instead supports master-planned clusters that align with the broader vision of Navi Mumbai as a zero-carbon, sustainable metropolis. Officials emphasise that new-age housing projects must prioritise eco-friendly design, rainwater harvesting, solar integration, and improved waste management to meet the city’s future challenges.
Experts believe that the scale of the redevelopment will also catalyse investment inflows into Navi Mumbai’s retail and commercial segments. By anchoring high-street retail and lifestyle amenities within a cluster redevelopment, the project provides a template for other developers to replicate across the region. Urban planners have further highlighted that such mega projects contribute to equitable urban growth. By balancing housing needs with modern infrastructure, they provide opportunities for diverse communities to thrive in safer, more resilient environments.
As Navi Mumbai gears up to host global investors and large-scale infrastructure expansions, the Nakshatra CHS redevelopment is expected to serve as a defining benchmark for cluster projects. While challenges remain in execution and regulatory approvals, the project has already positioned Vashi as a focal point in the city’s transition towards a world-class urban landscape.
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