EV Homes to lead Navi Mumbai’s biggest cluster redevelopment at Nakshatra CHS, Vashi

Navi Mumbai is witnessing a new wave of real estate activity, with EV Homes Constructions Pvt. Ltd. taking on the redevelopment of Nakshatra CHS in Vashi’s Sector 9. The project, spread across nearly three acres, is among the large cluster redevelopment initiatives in this region, reflecting the broader momentum in Navi Mumbai’s property market. project carries an extraordinary Gross Development Value (GDV) of over ₹2,500 crore, making it the single project in Navi Mumbai’s history.

The redevelopment push comes at a time when the city is experiencing heightened interest from developers and homebuyers alike, driven by infrastructure upgrades, improved connectivity, and demand for modern housing. With a 36-year track record of delivering projects ahead of time in every major node of Navi Mumbai, the company has previously successfully executed redevelopment projects in Navi Mumbai. This new project signals the growing role of private players in reshaping the city’s residential landscape, where EV Homes is well-positioned to carry forward its legacy.

Today, EV Homes has grown into one of Navi Mumbai’s largest redevelopment players, guided by values of quality, transparency, and timeliness. Beyond creating modern living spaces, the company envisions shaping Navi Mumbai into a world-class metropolis, inspired by the scale and vibrancy of New York, through systematic cluster redevelopment.


The Nakshatra CHS redevelopment is a step in this direction. Located at the heart of Vashi, one of the city’s most dynamic commercial hubs, the project promises to deliver state-of-the-art infrastructure, premium commercial avenues, high-street retail spaces, and lifestyle-focused amenities. By elevating the urban fabric of Sector 9, it is set to emerge as the next hotspot for businesses, residents, and investors.

Expressing pride in the appointment, Vicky Thomas, Director at EV Homes, said, "We are honored to be entrusted with this monumental cluster redevelopment. Our commitment goes beyond construction and is — it’s about creating iconic spaces and reshaping urban living. With a pipeline of 50 million square feet of redevelopment projects planned over the next five years, we are steadfast in our goal to drive Navi Mumbai’s evolution into a globally recognised urban centre."

EV Homes’ commitment to innovation is reflected in its expanding portfolio across India, with marquee projects such as EV 10 Marina Bay, EV 9 Square, and EV 23 Malibu West. Each project showcases a strong focus on design, sustainability, and value creation.

Ricki Thomas further added, “Vashi is set to undergo transformation at a scale never seen before. The Nakshatra CHS redevelopment will be the torchbearer of this change, marking Navi Mumbai’s transition into a megapolis of growth, opportunities, and enhanced quality of life.”

With world-class infrastructure, strong connectivity, and a thriving growth ecosystem, Navi Mumbai is already drawing global attention. The Nakshatra CHS redevelopment by EV Homes stands as a symbol of this momentum, setting the tone for the city’s bright future.

For more information, visit www.evgroup.in

*Disclaimer - The claims and views in the article are of EV Homes Constructions Private Limited only, and provided for general information purposes. The news and editorial staff of ET has no role in the creation of this article nor vouch for or endorse this content.