HoABL’s Growth Housing has taken a significant step in strengthening the affordable housing landscape of the Mumbai Metropolitan Region (MMR) by allotting 1,419 affordable homes worth nearly ₹640 crore in Naigaon. This large-scale allotment highlights the growing demand for quality yet budget-friendly homes in suburban MMR and reinforces HoABL’s commitment to inclusive urban development.
The project, located in Naigaon, one of the fast-developing residential belts in the northern MMR region, aims to provide well-planned homes to middle- and lower-income families. With rising property prices across Mumbai, developments like this are offering a realistic pathway to homeownership for first-time buyers.
Meeting the Rising Demand for Affordable Housing
Affordable housing continues to be a priority for both developers and homebuyers in MMR. Growth Housing, the affordable housing arm of HoABL, has focused on creating projects that balance pricing, location advantages, and essential lifestyle amenities. The successful allotment of 1,419 homes clearly reflects strong buyer confidence and market acceptance.
Naigaon has emerged as a preferred destination due to its improving infrastructure, better rail and road connectivity, and relatively lower property prices compared to central Mumbai. This has made it especially attractive for working professionals and families seeking affordable homes without compromising on daily convenience.
Project Highlights and Value Proposition
The homes allotted under this project are designed to be functional, comfortable, and compliant with modern urban living needs. Buyers can expect thoughtfully planned layouts that maximize space utilization and natural light.
Key highlights include:
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Strategic location in Naigaon, MMR
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Affordable pricing with strong value appreciation potential
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Easy connectivity to Mumbai via rail and road networks
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Basic lifestyle amenities catering to everyday needs
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Focus on sustainable and community-oriented living
With a total value of nearly ₹640 crore, the project underlines the scale at which affordable housing is expanding in suburban Mumbai. It also showcases HoABL’s ability to execute large housing developments efficiently.
Boost to MMR’s Housing Ecosystem
This allotment is more than just a sales milestone it is a boost to the overall housing ecosystem of MMR. Affordable housing projects contribute to planned urban growth, reduce pressure on overcrowded city centers, and create new residential hubs in emerging locations like Naigaon. For the region, such developments also generate employment, improve local infrastructure, and encourage further investments in social and civic amenities.
A Step Toward Inclusive Urban Living
HoABL’s Growth Housing continues to focus on delivering homes that are accessible, reliable, and future-ready. By allotting over 1,400 affordable homes in one project, the company has reinforced its long-term vision of making homeownership achievable for a wider section of society.
As demand for affordable housing remains strong across MMR, projects like this are expected to play a vital role in shaping balanced and inclusive urban growth in the years ahead.
