Onest

What Onest does

Onest Limited is a Mumbai-based private company founded in 2018 with a headcount of 51-100 employees. The most documented activity is participation in large-scale government housing redevelopment: Onest was part of a consortium with MGN Agro Properties and NNP Buildcon that was awarded the MHADA Kalachowkie cluster redevelopment project, covering 48 buildings across 33 acres and delivering 3,335 residential units and 75 non-residential premises, including the relocation of 3,410 existing residents into 641 sq. ft. homes.

The firm's go-to-market is enterprise field sales through competitive government tender bidding, and its revenue model is project-based, recognizing revenue on the award and execution of one-time redevelopment contracts. The company's website references a portfolio of brands and a 'Diverse Portfolio' section, but specific product or service details beyond the redevelopment work are not disclosed in the available sources. (Note: one source categorizes Onest in personal care, home care, and OTC goods; this conflicts with the project-level evidence and could not be reconciled, so the real-estate-development activity is treated as the primary documented business.)

Onest has limited disclosed financials: a single early-stage funding round of approximately $1.33 million in February 2022 and no disclosed revenue. The competitive position rests on its access to Maharashtra's public-sector redevelopment pipeline via the consortium structure, which allows a sub-100-employee firm to bid on capital-intensive urban renewal work that would otherwise exceed its standalone capacity.

Name

Onest

Legal name

Onest Limited

Website

https://onestltd.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

51–100 employees

Short description

Onest Limited is a Mumbai-based private company that participates in large-scale government housing redevelopment, most notably as a consortium member awarded the MHADA Kalachowkie project for 3,335 residential units.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

New Multifamily Housing Construction (except For-Sale Builders) (236116), Residential Building Construction (23611)

akta.pro primary industry

Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)

Keywords

• Residential real estate
• Housing redevelopment
• Cluster redevelopment
• Government housing projects
• Urban renewal

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Marketing or Sales, Others

Revenue model

1. Real Estate Development - Residential Projects: Onest generates revenue through participation in government-awarded cluster redevelopment projects. The company acts as part of a consortium to develop residential housing units for relocations and new development, delivering 3,335 residential units in the MHADA Kalachowkie project.

Go-to-market motion1 record

Core offering

Onest Limited is a Mumbai-based real estate development company that participates in government-awarded cluster redevelopment projects. The company acts as part of a consortium to develop large-scale residential housing complexes, redeveloping dilapidated housing areas into modern multi-building residential projects under government housing authorities such as MHADA. Its flagship evidenced engagement involves 3,335 residential units and 75 non-residential premises across 48 buildings on 33 acres for the MHADA Kalachowkie (Abhyuday Nagar) redevelopment.

Product overview

Onest Limited operates as a company with a brand portfolio, as indicated by the "Brands" and "Our Diverse Portfolio" sections on its website (onestltd.com). However, the source material provides no specific product names, descriptions, or details about individual offerings.

Differentiator

Problem solved

Functional benefit

Products and services

• Cluster Redevelopment Services End-to-end cluster redevelopment service for government housing authorities, covering demolition of dilapidated structures, relocation and rehousing of existing residents, and construction of new multi-building residential complexes. Delivered through consortium partnerships. Evidenced project delivers 3,335 residential units plus 75 non-residential premises across 48 buildings on 33 acres, with 3,410 existing residents relocated to 641 sq. ft homes.

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• MGN Agro PropertiescoreStrategic or Co-development Partner · 7 May 2026MGN Agro Properties is part of the consortium with NNP Buildcon and Onest Shelters selected by MHADA for the cluster redevelopment of Abhyuday Nagar in Kalachowkie, Mumbai. The consortium was awarded this major government housing project.
• NNP BuildconcoreStrategic or Co-development Partner · 7 May 2026NNP Buildcon is part of the consortium with MGN Agro Properties and Onest Shelters selected by MHADA for the cluster redevelopment of Abhyuday Nagar in Kalachowkie, Mumbai. The consortium was awarded this major government housing project.

Scale indicators2 records

Recent moves4 records

Expansion highlights3 records

Direct peers

• Marathon Group: Mumbai-focused real estate developer active in residential redevelopment and large-scale housing projects, with comparable exposure to cluster redevelopment and government-tender dynamics in Mumbai.
• Sunteck Realty: Mumbai-centric listed residential developer operating in mid- and premium housing segments, overlapping with Onest's Mumbai residential focus and redevelopment-led business model.
• Keystone Realtors (Rustomjee): Mumbai-based residential developer with a track record in urban redevelopment and large-format housing projects, directly comparable in geography and product type to Onest.
• Lokhandwala Infrastructure: Mumbai-focused developer with a residential redevelopment and township portfolio, closely matching Onest's geographic and product focus on Mumbai housing.

Broad incumbents

• Lodha Group (Macrotech Developers): India's largest listed residential developer and a dominant Mumbai player; competes with Onest for large redevelopment mandates while also serving premium and mid-income segments.
• Oberoi Realty: Premium Mumbai-based listed developer with a diversified residential and commercial portfolio; a benchmark competitor for large-scale Mumbai housing projects.
• Godrej Properties: Pan-India listed developer with active presence in Mumbai and a meaningful affordable and mid-income housing portfolio, comparable to Onest's affordable housing redevelopment angle.
• Hiranandani Group: Established Mumbai developer with township-scale residential projects, overlapping with Onest in the large-format Mumbai residential development market.
• Shapoorji Pallonji Real Estate: Large Indian developer with a meaningful Mumbai residential pipeline, comparable to Onest in pursuing substantial government and private redevelopment opportunities.
• DB Realty: Mumbai-based listed developer historically involved in large redevelopment and slum-rehabilitation projects, directly comparable to Onest's cluster redevelopment positioning.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/onestlimited

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Onest