Project Overview

Sri Lotus Developers & Realty Limited has been appointed as the preferred developer for a residential redevelopment project at Shivaji Park Beach Front, Dadar, Mumbai. The appointment was made by a housing society for the redevelopment of its residential property located on the Shivaji Park beach front.

Project Specifications

The project features an unobstructed, sought-after address along one of Mumbai's most iconic stretches, offering residents uninterrupted sea views of the Arabian Sea.

Financial Metrics

  • Estimated Gross Development Value (GDV): ₹550 crores
  • Saleable Area: Approximately 44,000 sq. ft.

Project Timeline

  • Expected commencement: End of FY28 or Q1 FY29
  • Targeted completion: Within approximately 3 to 3.5 years from commencement

Strategic Significance

The appointment reflects the growing strength and recognition of the Lotus Developers brand and the company's increasing acceptance among housing societies in newer, high-value micro-markets across Mumbai. This project fits into the company's growing portfolio of Coastline Luxury Collection across Mumbai.

Management Commentary

Mr. Anand K Pandit, Chairman & Managing Director, stated: "We are delighted to be entrusted with this redevelopment opportunity at Shivaji Park Beachfront, one of Mumbai's most sought-after residential addresses. Being chosen by the society reaffirms the trust that homeowners continue to place in the Lotus brand when it comes to reimagining where they live.

Redevelopment is fast becoming the preferred path for ageing housing societies in the city's finest neighbourhoods, as residents look to modernise their homes without compromising on location. Shivaji Park Beachfront's uninterrupted sea view makes this a particularly special project for us.

As part of our broader growth strategy, we are consciously expanding into newer micro-markets, but always with a discerning eye — seeking out addresses that offer something truly distinctive, be it an unobstructed sea view or a lush, green outlook."

Company Background

Sri Lotus Developers & Realty Ltd. is a Mumbai-based real estate developer specializing in luxury and ultra-luxury residential and premium commercial projects, with a strong focus on redevelopment in the western suburbs of Mumbai.

Project Portfolio

  • Completed projects: 4 projects aggregating over 4.2 lakh sq. ft. of carpet area
  • Ongoing developments: 8 projects
  • Upcoming developments: 15 projects
  • Total ongoing and upcoming coverage: ~49.6 lakh sq. ft. of carpet area and ~39.6 lakh sq. ft. of saleable area

Geographic Presence

The company has a strong presence in Juhu and Andheri West, and has expanded into other micro markets of Mumbai including South and Central Mumbai, Bandra, and Versova.

Business Model

Lotus Developers manages end-to-end execution—from design and construction to sales and customer engagement—ensuring consistent quality, superior materials, and customer satisfaction.

Investor Relations Contact

Strategic Growth Advisors Pvt. Ltd. (CIN: U74140MH2010PTC204285)

Mr. Deven Dhruva / Ms. Prachi Chhugani

deven.dhruva@sgapl.net / prachi.chhugani@sgapl.net

Tel: +91 98333 73300 / +91 89492 92029