Modi’s Navnirman was originally incorporated as a Limited Liability Partnership in the name and style of Modi’s Navnirman LLP on December 31,2015 and was subsequently converted into a Public Limited on March 04, 2022 with a view to corporatize the group’s activities in the real estate sector. Since inception, it has been focused on the mid-market and affordable housing categories as its target segment within the residential housing market. Historically, it has sought to develop its projects either through development agreements (DA) with Co-operative Housing Society (Society) / landowners of the proposed projects. It is transitioning to a real estate development model with a shift towards an asset light business strategy by doing Development Agreements. 

Business area of the company

The company is engaged in the real estate sector. The company’s customer-centric business model focuses on designing and developing its products to address consumer needs across price points. It has capabilities to deliver a project from conceptualization to completion with fast turnaround time from acquisition to launch to completion, which focuses on de-risking and improving its return on investment. It streamline its supply chain and construction processes with an aim to develop high quality products consistently and in a timely and cost efficient manner. It partner with top architects and design team which uses customer insights to conceptualize and design products that are best suited for the current location and target a variety of customer groups. Its construction management and procurement teams focus on realizing efficiencies in procurement, vendor selection and construction. Its in-house sales team is supported by a well skilled execution team which delivers precisely designed products and amenities to its customers.

Major Events, Milestone and Achievements:

• 2015: Incorporation of the Company as Modi's Navnirman LLP.
  
• 2017: Received Commencement Certificate and Began construction for the project Rashmi Sadhna.
  
• 2018: Received Commencement Certificate and Began construction for the project Rashmi Sheela.
  
• 2019: Received Completion Certificate for the project Rashmi Sadhna 2020.
  
• 2019: Received Completion Certificate for the project Rashmi Sheela.
  
• 2020: Acquired 100% stake in Shree Modi’s Navnirman Pvt. Ltd. (SMNPL) in September 2020 & thereby making it its subsidiary.
  
• 2021: Received Commencement Certificate for the project Rashmi Jewel through wholly owned subsidiary SMNPL.
  
• 2021: Received Commencement Certificate for the project Rashmi Enclave through wholly owned subsidiary SMNPL.
  
• 2021: Received Commencement Certificate for the project Rashmi Terrace through wholly owned subsidiary SMNPL.
  
• 2022: Conversion from Limited Liability Partnership firm to Public Limited Company.
  
• 2022: Received Commencement Certificate Project Rashmi Kavita through wholly owned subsidiary SMNPL.