Sri Lotus Developers to Redevelop Juhu Commercial Complex, Project GDV Estimated at Rs 1,600 Cr
The redevelopment project will feature a Grade-A commercial and retail development with an estimated carpet area of 3.46 lakh sq. ft. and an estimated Gross Development Value (GDV) of Rs 1,600 crore.
Construction is expected to commence in Q3 FY28, with completion targeted within three to four years from the start of development.
Anand K Pandit, Chairman & Managing Director, Sri Lotus Developers & Realty Limited, said, "This appointment reinforces our growing presence in Mumbai's commercial redevelopment landscape, and segment that is gaining meaningful momentum. Commercial establishments across the city's prime micro-markets are increasingly opting for redevelopment as a route to unlock value, upgrade infrastructure, and create modern, compliant spaces that meet today's occupier standards. Juhu, given its strategic location and limited fresh supply, is well positioned to benefit from this shift. We see continued demand from both institutional occupiers for well-executed commercial redevelopment, and we remain committed to delivering projects that combine design quality with long-term value creation for all stakeholders. This project adds to our expanding portfolio of redevelopment and is consistent with our strategy of deepening our footprint in high-value, supply-constrained pockets for commercial redevelopment in Mumbai."
Published on:
05 August 2026
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