Modis Navnirman Secures Occupation Certificate for Rashmi Celestia in Mumbai

An update from Modi’s Navnirman Ltd. ( (IN:MODIS) ) is now available.

Modis Navnirman Limited has received the Occupation Certificate for its premium mixed-use development Rashmi Celestia in Borivali West, Mumbai, confirming completion in line with regulatory requirements and enabling the handover of units to homebuyers and occupants. The 130,000-square-foot project, featuring commercial spaces, semi-commercial floors, and upper-level residential apartments with lifestyle amenities, reinforces the company’s strategy of delivering high-quality, timely projects and strengthens its presence in Mumbai’s western suburbs as it continues to expand its redevelopment-led portfolio.

Positioned in a well-connected suburban micro market, Rashmi Celestia is designed to cater to evolving urban lifestyles by combining efficient layouts, modern infrastructure, and integrated amenities, while offering residents proximity to schools, healthcare, retail hubs, and transport links. Management highlighted that the project’s successful completion supports Modis Navnirman’s focus on enhancing urban living standards and creating long-term value for homeowners and stakeholders, underpinning several ongoing and upcoming developments across key western suburban locations.

More about Modi’s Navnirman Ltd.

Modis Navnirman Limited is a rapidly growing, redevelopment-focused real estate developer based in Mumbai, with a concentration on residential and mixed-use projects in the city’s western suburbs. The company develops premium urban projects that blend residential units with commercial spaces, targeting well-connected micro markets such as Borivali, Kandivali, Malad, and Goregaon.

Average Trading Volume: 1,401

Technical Sentiment Signal: Buy

Current Market Cap: 6.07B INR

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