Mumbai-based real estate developer Modi's Navnirman Limited has reported a stellar performance for the first half of the fiscal year, matching its entire previous year's profit in just six months. The company, known for its focus on redevelopment projects in Mumbai's western suburbs, is now setting its sights on broader horizons.

Financial Highlights

Modi's Navnirman has showcased impressive growth across key financial metrics:

The company's profit after tax (PAT) for H1 has already equaled its entire previous fiscal year's profit, underscoring a period of accelerated growth.

Operational Milestones

• Successfully merged its subsidiary, Shri Modi's Navnirman Private Limited, with the listed entity
• Handed over a 90-unit premium residential tower, Rashmi Vasudeo, in Borivali
• Progressing towards migration from BSE SME platform to the main board of BSE and NSE
• Maintained debt-free status, reflecting disciplined financial planning

Expansion Plans

Mahek Modi, CFO of Modi's Navnirman, revealed during the earnings call that the company is exploring opportunities beyond its traditional stronghold in Mumbai's western suburbs. "We are in discussions for projects in Santa Cruz, Khar, and Ghatkopar," Modi stated, indicating a strategic move to diversify the company's geographical presence within the Mumbai Metropolitan Region (MMR).

Project Pipeline

The company currently has five ongoing projects, with one slated for completion in the second half of the fiscal year. Additionally, three upcoming projects are in the pipeline:

• Two projects expected to commence in the last quarter of the fiscal year
• One project planned for the second quarter of the following fiscal year

Market Strategy

Modi's Navnirman is strategically positioning its projects across different market segments:

• Dahisar: Affordable housing with prices around ₹23,000-24,000 per sq ft
• Kandivali: Mid-luxury segment with launch prices of ₹27,000-28,000 per sq ft
• Malad: Luxury segment with prices starting at ₹30,000 per sq ft

Industry Outlook

The company remains optimistic about the real estate sector's growth potential, citing projections of urbanization in India rising from 37% to 53% by 2050. Modi emphasized the company's asset-light model and focus on redevelopment as key strengths in capturing market opportunities.

Future Focus

Looking ahead, Modi's Navnirman plans to:

• Strengthen its redevelopment portfolio through strategic partnerships
• Maintain financial prudence and a healthy balance sheet
• Explore opportunities in commercial developments and township projects
• Enhance stakeholder value through ESG initiatives and technology-driven processes

As Modi's Navnirman Limited continues its growth trajectory, the company's debt-free status and strategic expansion plans position it well to capitalize on the evolving real estate landscape in Mumbai and beyond.

Mumbai-based real estate redevelopment company Modi's Navnirman Limited (BSE: 543539 | NSE: MODIS) has marked a significant milestone in its growth trajectory. The company has successfully migrated from the SME Platform to the Main Board of both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), effective November 14, 2025.

Key Details of the Migration

This strategic move opens new avenues for Modi's Navnirman Limited, potentially enhancing its visibility, liquidity, and access to a broader base of institutional and retail investors.

Company's Perspective

Mr. Mahek Modi, Whole Time Director and Chief Financial Officer of Modi's Navnirman Limited, expressed pride in this achievement, stating:

"The migration to the Main Board of both BSE and NSE is a proud moment for all of us at Modi's Navnirman. It signifies the growing trust of our stakeholders and the maturity of our organization. This achievement reinforces our commitment to sustainable growth, operational excellence, and transparent governance."

About Modi's Navnirman Limited

Modi's Navnirman Limited, founded in 2010 by Mr. Dinesh C. Modi, has quickly established itself as a prominent player in Mumbai's redevelopment real estate sector. The company is known for:

• Delivering large, luxurious projects
• Responsible innovation in real estate development
• Upgrading customer lifestyles
• Setting new benchmarks in the industry

Implications for Investors

The migration to the Main Board may signal several positive developments for current and potential investors:

1. Enhanced Visibility: Listing on the Main Board could attract more attention from institutional investors and market analysts.
2. Improved Liquidity: The move may lead to increased trading volume, potentially benefiting shareholders.
3. Stricter Compliance: Main Board listing often comes with more rigorous regulatory requirements, which can enhance investor confidence.
4. Broader Market Access: The company now has the potential to be included in various market indices, further increasing its visibility.

As Modi's Navnirman Limited embarks on this new phase of its journey, investors and market watchers will be keen to observe how this transition impacts the company's growth strategy and market performance in the dynamic Indian real estate sector.

Note: Investors are advised to conduct their own research and consider market risks before making investment decisions.