Modis Navnirman Limited (MNL), a Mumbai-based real estate developer, has been appointed as the developer for the redevelopment of Neel Kiran Co-operative Housing Society Ltd. (CHSL), a landmark residential society in Khar West, Mumbai. This appointment follows a redevelopment selection process conducted by the society, culminating in the members selecting MNL as their preferred redevelopment partner. The project is expected to contribute approximately ₹250 crore in Gross Development Value (GDV) to the Company’s redevelopment portfolio.

Strategic Location

Located in one of Mumbai’s most sought-after residential neighborhoods, Neel Kiran CHSL occupies a strategic position in Khar West, a market known for its strong residential demand, established social infrastructure, and enduring appeal among homebuyers. The redevelopment is expected to deliver modern residential infrastructure, enhanced amenities, and a contemporary living environment while creating long-term value for existing members.

Commitment to Excellence

Commenting on the development, Mr. Dinesh Modi, Chairman & Managing Director of Modis Navnirman Limited, said: ‘We are honored by the confidence and trust placed in us by the members of Neel Kiran Co-operative Housing Society. Redevelopment is ultimately a partnership built on transparency, commitment, and shared vision, and we recognize the responsibility that comes with being entrusted to transform a society’s future. At Modis Navnirman Limited, our focus extends beyond construction—we strive to create developments that enhance the quality of life for residents, unlock the full potential of valuable urban land parcels, and contribute positively to the neighborhood in which we operate. We look forward to working closely with the members of Neel Kiran CHSL and all stakeholders to deliver a development that reflects the aspirations of society and stands as a landmark addition to Khar West.’

The redevelopment of Neel Kiran CHSL marks a significant milestone for Modis Navnirman Limited as we expand our presence into one of Mumbai’s most prestigious residential markets. Khar West has long been regarded as one of the city’s most desirable residential destinations, and we are delighted to have earned the trust of the members of Neel Kiran CHSL. This project represents an exciting new chapter for the Company and adds approximately ₹250 crore to our GDV pipeline, further strengthening our presence in Mumbai’s premium redevelopment segment.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Modis Navnirman Limited

Modis Navnirman Limited belongs to the Real Estate › Real Estate – Development sector. Here’s a quick read on where the business and the stock stand today.

Modis posts a 7.9% three-month gain, but softens in the last few weeks. The PEG of 0.31 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Revenue grows at 69.7% and profits at 71.7% CAGR. Both numbers are exceptional. The stock gives back 15.1% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. Revenue grows at 69.7% and profits at 71.7%. The business is in good shape. Moreover, a stock that does not move despite strong fundamentals often offers better value than one already priced for perfection. Check Fundamentals of Modis Navnirman Limited.

Modis Navnirman Limited (NSE: MODIS) has announced its audited consolidated financial results for the quarter and full year ended March 31, 2026, marking FY26 as a landmark year of execution and growth. The company achieved its highest-ever annual revenue, profitability, and project pipeline.

Q4 & FY26 Key Consolidated Financial Highlights

The company reported a revenue of ₹189.31 crore in FY26, up 84% year-on-year compared to ₹102.91 crore in FY25. EBITDA grew 35% to ₹38.46 crore in FY26, and PAT increased 26% to ₹29.14 crore. Additionally, the area sold grew 23% to 53,000 sq. ft. in FY26.

Strategic Milestones

FY26 also saw the completion of the merger of Shree Modis Navnirman Pvt. Ltd. with Modis Navnirman Ltd., enhancing operational efficiency and brand value. The company also successfully migrated to the BSE & NSE Main Boards, improving market visibility and investor confidence.

Looking Ahead

Mr. Mahek Dinesh Modi, Whole time Director & CFO, emphasized the company’s focus on maintaining healthy operating cash flows and ensuring every rupee of capital deployed generates commensurate returns for shareholders. Modis Navnirman Limited continues to set new benchmarks in the redevelopment real estate sector in Mumbai.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Modis Navnirman Limited

Modis Navnirman Limited belongs to the Real Estate › Real Estate – Development sector. Here’s a quick read on where the business and the stock stand today.

Modis falls 14.2% over three months and has not found a floor yet. The PEG of 0.22 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Revenue grows at 116.6% and profits at 144.4% CAGR. Both numbers are exceptional. The stock gains 5.2% in the last month, recovering from the three-month slide. However, it is too early to call this a confirmed reversal. Revenue grows at 116.6% and profits at 144.4% CAGR — a genuinely strong business. Nevertheless, the stock drops 14.2% in three months. The market sells the stock, not the story. Watch whether that changes at the next earnings. Check Fundamentals of Modis Navnirman Limited.