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Sumit Woods Secures ₹695 Crore Redevelopment Deal for Pruthvi Enclave in Mumbai

Sumit Woods Limited has officially signed and registered a development agreement for the redevelopment of Pruthvi Enclave CHS in Borivali, Mumbai. The project features an estimated revenue potential of ₹695 crore and encompasses over 6.70 lakh square feet of development area.

A scenic view of a busy highway winding through the lush hills of Lonavala, Maharashtra, India. Stock photo illustrating Sumit Woods' new order story.
Photo: Rishu Bhosale / Pexels
Key numbers
Project Revenue ₹695 CrBorivali Deal
Market Cap ₹208.14 CrRealty Sector
P/E Ratio 31.19Sector 34.43
Order fromPruthvi Enclave CHS Ltd.
Deal value₹695 Cr
Share of market cap333.9%
Share of annual revenue710.6%
Order book₹3,362 Cr (34.4x revenue)

Key highlights

  • Redevelopment of Pruthvi Enclave CHS Ltd in Borivali East Mumbai
  • Estimated revenue potential of approximately 695 crore
  • Total construction and development area of 6,70,000 square feet
  • Project includes premium commercial and residential spaces
  • Cumulative project value for the group reaches approximately 3,362 crore
  • Strategic location opposite Magathane Metro Station and Western Express Highway

Scale of the Borivali Redevelopment Project

Sumit Woods Limited has reached a critical milestone by registering the development agreement for the Pruthvi Enclave CHS project in Borivali East. With an estimated revenue potential of 695 crore, this single project is valued at more than three times the company's current market capitalization of 208.14 crore. The deal represents approximately 710.6 percent of the company's trailing twelve-month revenue of 97.8 crore.

This formal registration follows an earlier appointment in November 2025 and marks a significant step in the firm's expansion into high-end micro-markets within Mumbai's western suburbs, targeting both residential and commercial segments.

Sumit Woods · share price, past month

Strategic Location and Project Connectivity

  • Situated in Siddharth Nagar with direct access to the Western Express Highway
  • Located directly opposite the Magathane Metro Station for high commuter transit
  • Positioned diagonally opposite Sky City and Oberoi Mall in Borivali East
  • Proximity to major social infrastructure including Ryan International School
  • Improved connectivity between Mumbai and Thane expected to enhance long term project value
  • Focus on high end development comprising premium commercial and residential units

Strengthening the 3,362 Crore Project Pipeline

The registration of the Pruthvi Enclave project further bolsters Sumit Woods' total project pipeline, which now stands at approximately 3,362 crore across ongoing and completed developments. This is a substantial rise from the 2,500 crore order book reported in early 2025. The company has maintained steady momentum in Mumbai's redevelopment space, having previously secured the 737 crore Nav Vidya Laxmi project in Mahim and the 700 crore Station Plaza project in Bhandup.

This robust pipeline aligns with management's target of achieving 20 to 25 percent annual revenue growth over the next five years, supported by a current operating margin of 10.1 percent.

Earlier announcements by Sumit Woods
DateAnnouncementAmount
31 Dec 2025Subsidiary Sumit Hills signed Development Agreement for the redevelopment of Nav Vidya Laxmi CHSL in Mahim, MumbaiSource: NSE filing₹737.00 Cr
10 Nov 2025Appointed as developer for the redevelopment of Pruthvi Enclave CHS Ltd. in Borivali (East), MumbaiSource: NSE filing₹695.00 Cr
14 May 2025Selected as developer to redevelop Station Plaza Premises CS Ltd. in Bhandup (West), MumbaiSource: NSE filing₹700.00 Cr
01 Apr 2025Subsidiary Sumit Hills executed agreement for composite redevelopment project in Mahim, MumbaiSource: NSE filing₹737.00 Cr
16 Dec 2024Selected as developer and signed Development Agreement for luxury residential project in Prabhadevi, MumbaiSource: businessupturn.com₹500.00 Cr

What to watch next

  • Board of Directors meeting on November 4, 2026, to approve Q2 and H1 FY27 financial results
  • Commencement of construction and development activities at the 6,70,000 sq. ft. Borivali site
  • Execution milestones for the cumulative 3,362 crore order book over the 3 to 5 year horizon
Sumit Woods · financial snapshot
Share price₹43.49
Market capitalisation₹208.14 Cr
Revenue (annual)₹94.88 Cr
Net profit (annual)₹6.06 Cr
Revenue (latest quarter)₹45.18 Cr+59.38% vs previous quarter
Net profit (latest quarter)₹4.05 Cr+231.22% vs previous quarter
P/E (TTM)31.19×Sector 34.43×
Promoter holding60.85%0.00% QoQ
FII holding0.02%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.

Source verified

Exchange filing by Sumit Woods Limited announcing the registration of a development agreement for the Pruthvi Enclave CHS project. Market figures from a third-party data provider.

Read the filing ↗
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