Sumit Woods Limited (NSE – SUMIT), a name synonymous with reliability and innovation in the Mumbai real estate sector, has been officially appointed as the developer for the redevelopment of Station Plaza Premises Co-operative Society Ltd. in Bhandup West. This landmark project is located at Kanjur Village, Bhandup Station Road, Mumbai – 400078, and it marks a pivotal expansion of Sumit Woods’ presence in one of the city’s fast-transforming neighborhoods.

With this venture, the company is poised to redevelop a total area of 6.5 lakh sq. ft., resulting in a saleable carpet area of 2 lakh sq. ft., which will yield an estimated Gross Development Value (GDV) of ₹700 crore. This project comes on the heels of Sumit Woods’ recently launched premium project in Borivali West and an ongoing luxury development in Prabhadevi, highlighting its strategic spread across Mumbai’s key micro-markets.

Proven Legacy and Steady Growth

Founded in 1986 by visionary leaders Mr. Subodh Nemlekar and Mr. Mitaram Jangid, Sumit Woods has spent over 39 years building a legacy in real estate. The company’s portfolio now boasts over 65 completed projects and more than 50 lakh sq. ft. of built-up area in Mumbai and Goa. Throughout its journey, Sumit Woods has shown a remarkable ability to deliver on time, while focusing on urban rejuvenation and affordable housing.

By securing the redevelopment rights for Station Plaza, the firm has added yet another key project to its impressive pipeline, reinforcing its commitment to city transformation through inclusive and smart urban design.

About the Station Plaza Project

Location & Strategic Importance:
Situated near Bhandup Station Road, this area holds immense potential due to its excellent rail connectivity, proximity to major roads, and evolving urban infrastructure. The redevelopment of Station Plaza is a classic case of unlocking the value of underutilized urban land through thoughtful planning and design.

Scope of Redevelopment:

• Total Area: Approx. 6.5 lakh sq. ft.

• Saleable Carpet Area: 2 lakh sq. ft.

• GDV: ₹700 crore

This project will provide modern residential and commercial spaces, rejuvenating the neighborhood and adding immense value to residents and investors alike.

Developer's Vision and Commitment

Commenting on the appointment, Mr. Mitaram Jangid, Managing Director of Sumit Woods Limited, stated:

“The appointment for the redevelopment of Station Plaza Premises Co-operative Society is a significant responsibility and an affirmation of the confidence placed in Sumit Woods. With a GDV of ₹700 crore, this project allows us to bring meaningful change to a well-connected yet underutilized pocket of Bhandup West.”

He further emphasized that the company remains committed to functional design, superior execution, and community-driven development, ensuring that the new spaces will serve the evolving lifestyle needs of Mumbai’s population.

Complementary Projects Across Mumbai

In line with its expansion strategy, Sumit Woods has been active across key growth corridors in Mumbai:

• Sumit KMR PARAM – Borivali West: A premium residential project recently launched, targeting homebuyers looking for luxury and connectivity in the suburbs.

• Flagship Luxury Project – Prabhadevi: Positioned in the heart of South Mumbai, this ongoing development reaffirms Sumit Woods’ ambitions in luxury real estate.

These projects form the pillars of the company’s broader vision to lead urban development across diverse price points and geographic pockets in Mumbai.

Strengthening the MMR Real Estate Landscape

The Mumbai Metropolitan Region (MMR) continues to face challenges like limited land availability, ageing infrastructure, and high population density. Redevelopment of old housing societies offers a sustainable solution, and Sumit Woods is positioning itself as a key enabler of this transformation.

With a strong track record in redevelopment, slum rehabilitation, and township planning, the company is well-equipped to navigate regulatory, financial, and logistical complexities that come with large-scale redevelopment in the city.

Long-Term Strategy and Community Impact

Beyond profit margins and asset creation, Sumit Woods’ philosophy centers around enriching communities. Projects like the Station Plaza redevelopment are about more than just real estate — they’re about reviving old neighborhoods, improving the standard of living, and restoring pride of ownership to long-term residents.

This project will provide:

• Modern amenities and infrastructure for current residents

• Increased real estate value for homeowners and investors

• Employment opportunities during the construction phase

• Stronger social infrastructure through better planning and open spaces

Conclusion

The Station Plaza redevelopment signals Sumit Woods’ sustained focus on quality, innovation, and community transformation. With a ₹700 crore GDV and a solid plan for timely execution, this project reinforces the developer’s position as a leading name in Mumbai’s redevelopment ecosystem.

As the company continues to invest in premium and mid-segment housing across Borivali, Prabhadevi, and Bhandup, Sumit Woods Limited is helping reshape Mumbai’s skyline, one project at a time.

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