Sri Lotus Developers & Realty Limited has been appointed, through its subsidiary, as the developer for a large-scale commercial-cum-retail redevelopment project in Juhu, Mumbai, with an estimated Gross Development Value (GDV) of ₹1,600 crore.
The project involves the redevelopment of a prominent and established commercial shopping complex in Juhu and is expected to further strengthen Sri Lotus Developers’ presence in Mumbai’s premium commercial and retail real estate market.
The proposed development is expected to have an estimated total carpet area of approximately 3.46 lakh sq. ft. and will comprise premium commercial and retail spaces.
According to the company, construction is expected to commence in Q3 FY28, with completion targeted within approximately three to four years from the start of the project.
The appointment adds another major project to Sri Lotus Developers’ growing redevelopment portfolio. The company has been focusing on redevelopment and joint development opportunities, particularly in Mumbai’s premium and supply-constrained locations.
Juhu redevelopment targets premium commercial demand
The company said the project is positioned to benefit from the limited availability of fresh commercial supply in Juhu, a prime Mumbai micro-market.
Anand K Pandit, Chairman & Managing Director, Sri Lotus Developers & Realty Limited, said commercial establishments in Mumbai’s prime micro-markets are increasingly considering redevelopment to unlock value, upgrade infrastructure and create modern spaces that meet current occupier requirements.
According to Pandit, Juhu’s strategic location and limited fresh supply make it well positioned to benefit from this trend.
He added that the company expects continued demand from institutional occupiers for professionally executed commercial redevelopment projects and intends to focus on design quality and long-term value creation.
Project adds to company’s redevelopment strategy
The Juhu project is part of Sri Lotus Developers’ strategy of expanding its presence in high-value, supply-constrained pockets of Mumbai’s commercial real estate market.
With an estimated 3.46 lakh sq. ft. of carpet area and a projected GDV of ₹1,600 crore, the redevelopment is expected to create a sizeable premium commercial and retail asset in one of Mumbai’s established western suburbs.
The company said the project is consistent with its broader strategy of deepening its footprint in commercial redevelopment while continuing to pursue redevelopment and joint development opportunities across Mumbai.
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