Navi Mumbai’s Biggest Cluster Redevelopment: EV Homes Leads Nakshatra CHS Transformation

Ajjay Bhagyakar
Aug 28
3 min read

Author: Ajjay Bhagyakar | Source: The Economic Times

Navi Mumbai’s real estate market is entering a new era, with EV Homes Constructions Pvt. Ltd. spearheading the largest cluster redevelopment in the city’s history. The redevelopment of Nakshatra CHS in Vashi’s Sector 9, spread across nearly three acres, carries an extraordinary Gross Development Value (GDV) of over ₹2,500 crore. This landmark project marks a turning point in Navi Mumbai’s urban transformation and positions Vashi as the next big hotspot for residential, commercial, and retail growth.

A Game-Changer for Navi Mumbai Real Estate

The Nakshatra CHS redevelopment is more than just a construction project—it is a bold statement of Navi Mumbai’s evolution. With state-of-the-art infrastructure, premium commercial avenues, lifestyle-focused amenities, and high-street retail, the project is set to redefine Sector 9, Vashi, one of the most vibrant business and residential hubs in the city.

This initiative comes at a time when Navi Mumbai is witnessing heightened demand from both homebuyers and investors, fueled by massive infrastructure upgrades, improved connectivity, and modern housing needs.

EV Homes: Redefining Urban Living

With a 36-year legacy of delivering projects ahead of schedule, EV Homes has become a trusted name across every major node of Navi Mumbai. The company has already completed multiple redevelopment projects and is now emerging as a leading force in cluster redevelopment.

Guided by values of quality, transparency, and timeliness, EV Homes is not only constructing homes but also shaping Navi Mumbai into a world-class metropolis. The company envisions creating a city inspired by the scale and vibrancy of global hubs like New York, through systematic cluster redevelopment.

Vashi’s Sector 9: A Hotspot of Growth

Strategically located in the heart of Navi Mumbai, Vashi is already a thriving commercial hub with robust connectivity, corporate presence, and high demand for premium living. The Nakshatra CHS redevelopment project is expected to unlock immense opportunities:

Modern Residences with lifestyle amenities
Premium Commercial Spaces for businesses
High-Street Retail & Leisure Avenues
World-Class Infrastructure aligned with future growth

According to Ricki Thomas, a key leader at EV Homes, “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.

EV Homes’ Future Pipeline

EV Homes is not stopping at Nakshatra CHS. With a pipeline of over 50 million sq. ft. of redevelopment projects planned in the next five years, the company is preparing to reshape Navi Mumbai’s urban fabric.

Its marquee projects like EV 10 Marina Bay, EV 9 Square, and EV 23 Malibu West highlight a strong focus on design, sustainability, and value creation. Each project reflects the company’s vision of delivering iconic spaces that enhance lifestyle, business, and investment value.

Why This Redevelopment Matters

This project is more than bricks and mortar—it symbolizes Navi Mumbai’s rise as a global urban destination. With:

World-class connectivity through highways, rail, and the upcoming Navi Mumbai International Airport
Modern infrastructure upgrades across the city
A thriving residential and commercial ecosystem

…the Nakshatra CHS redevelopment is poised to become a benchmark in India’s real estate landscape.

Final Thoughts

The redevelopment of Nakshatra CHS by EV Homes is not just the largest cluster redevelopment project in Navi Mumbai but also a symbol of the city’s future growth. It reflects the combined aspirations of developers, residents, and investors looking to transform Navi Mumbai into a globally recognized urban centre.

As Vicky Thomas, Director at EV Homes, puts it:

“Our commitment goes beyond construction—it’s about creating iconic spaces and reshaping urban living.”

With premium real estate opportunities, robust growth prospects, and a visionary approach, Vashi’s Sector 9 is undoubtedly set to emerge as the epicentre of Navi Mumbai’s transformation.