Date: 02nd November 2026
Development Agreement
Sumit Woods Limited has signed and registered a Development Agreement for the redevelopment project of Pruthvi Enclave CHS Ltd.
Project Details
- Location: Siddharth Nagar, near Magathane Metro Station, Western Express Highway, Borivali (East), Mumbai – 400 066
- Project Type: High-end development comprising premium commercial and residential spaces
- Construction Area: Approximately 6,70,000 sq. ft.
- Estimated Revenue Potential: Approximately ₹695 Crores
Location Advantages
- Located opposite Magathane Metro Station
- Diagonally opposite Sky City (Oberoi Mall)
- Direct access to Western Express Highway
- Improved connectivity between Mumbai to Thane expected to enhance project's accessibility and attractiveness
Nearby Amenities
- Ryan International School, Kandivali (East) – approximately 1.6 km away
- Apex Multispeciality Hospital – in close proximity
Company Development Portfolio
The Group's ongoing and completed developments together represent a total project value of approximately ₹3,362 crore.