Narang Realty

What Narang Realty does

Narang Realty is a privately held, Mumbai-based real estate developer founded in 1988 by Gopal Narang. The firm operates across the Mumbai Metropolitan Region through a portfolio of more than 10 landmark developments spanning approximately 7.1 million square feet, having delivered homes to over 3,550 families and reaching a cumulative Gross Development Value of USD 1 billion in 2023. Its core business is real estate development covering site selection, land planning, residential projects (2–5 BHK apartments, row houses, gated communities) and commercial projects (A-grade office space under the Windsor brand, retail high streets). Revenue is generated primarily through one-time unit sales of residential inventory (quote-based pricing varying by project, location, and configuration) and commercial leasing/sales, with commercial anchor tenants at Windsor BKC including Microsoft and Rolls-Royce since 2006.

The company's go-to-market combines direct enterprise field sales from the corporate office at Windsor (CST Road, Santacruz East), on-site sales galleries across each project micro-market, a channel partner network, and digital channels (Instagram, Facebook, LinkedIn, YouTube, official website with inquiry management, and MahaRERA-registered listings). Customer segments include affluent families and professionals (primary residential), corporate/enterprise tenants (commercial), and real estate investors. Distribution is single-country/domestic within Mumbai.

Underlying technology and differentiators are conventional real estate construction practices with a sustainability overlay rather than proprietary tech: a stated net-zero impact commitment, Miyawaki Forest and walking trails at Narang Vivenda designed by LANDinc's Sherman Stave, and India's first cluster redevelopment project (Narang Vivenda, 2024). In 2021 the firm entered the urban redevelopment vertical and in 2025 launched Narang Odyssey, a loyalty program for existing homeowners. Leadership comprises Chairman/MD Gopal Narang (Harvard), Executive Director Soham Narang (Columbia MBA, LSE, prior HDFC and Credit Suisse), and Advait Narang (Cornell and Stanford, Civil Engineering). The company is family-owned with no external PE/VC or parent entity, and is RERA-compliant with no public listing.

Name

Narang Realty

Legal name

Narang Realty

Website

https://narangrealty.com

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

101–250 employees

Short description

Narang Realty is a privately held Mumbai-based real estate developer founded in 1988, building premium residential (2–5 BHK) and commercial (Windsor) projects across the Mumbai Metropolitan Region, with 10+ developments totaling ~7.1 million sq ft and USD 1 billion cumulative GDV.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Lessors of Real Estate (5311), Lessors of Other Real Estate Property (53119), Real Estate Property Managers (53131)

SIC

Real Estate Dealers (For Their Own Account) (6532), Land Subdividers & Developers (No Cemeteries) (6552), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Core Real Estate (Stabilized/Core-Plus) (FSAAAKAA)

akta.pro secondary industries

Office Real Estate Asset Management (BPAJAMAG), Specialty Real Assets / Niche Strategies (Marinas, Student Housing, Self-Storage, Life Science RE) (FSANAEAO)

Keywords

• Real estate development
• Luxury residential apartments
• Commercial office space
• Urban redevelopment projects
• Premium property developer

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Residential property sales: Primary revenue stream from selling residential apartments (2, 3, 4, 5 BHK units) across projects in Mumbai Metropolitan Region. Properties include both under-construction and completed projects.
2. Commercial property leasing and sales: Revenue from commercial complexes including office spaces. Windsor BKC serves as headquarters for Fortune 500 companies and has hi-speed elevators, state-of-the-art security, centralized air conditioning.
3. Bungalow and row house sales: Garden Estate includes row houses alongside apartments, adding variety to the residential product portfolio.
4. Redevelopment projects: Since 2021, the company has ventured into urban redevelopment projects, transforming Mumbai's urban landscape.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Narang Realty is a Mumbai-based real estate developer that designs, builds, and sells premium residential apartments (2-5 BHK) and A-Grade commercial office spaces across the Mumbai Metropolitan Region. Its portfolio includes luxury gated communities, under-construction and completed residential projects, and commercial complexes under the Windsor brand, with a recent expansion into urban cluster redevelopment.

Product overview

Narang Realty operates as a real estate developer offering a portfolio of residential and commercial projects across the Mumbai Metropolitan Region. The residential portfolio includes luxury and premium apartments ranging from 2 BHK to 5 BHK configurations, spanning both under-construction and completed projects. Commercial offerings include A-Grade office spaces and corporate parks primarily under the Windsor brand. Key residential projects include Narang Vivenda (Mumbai's first cluster redevelopment), Narang Privado, Narang Valora, Courtyard, Garden Enclave, Garden Estate, Asteria, and Windsor Grande Residences. Commercial projects include Windsor BKC, Windsor Corporate Park, Asteria High Street, and Windsor House.

Differentiator

Problem solved

Functional benefit

Products and services

• Narang Vivenda Mumbai's first cluster redevelopment project located in Malad West, offering 2 to 4 BHK luxury apartments in a 38-storey tower with 3 acres of landscaped greens, Miyawaki Forest, walking trails, and a 25-metre lap pool. Targeted at affluent homebuyers seeking sustainable premium residences.
• Narang Privado Under construction premium residential project in Thane West offering 2, 3 and 4 BHK flats with sophisticated design, airy layouts, and world-class amenities. Targeted at middle to high net worth families.
• Narang Valora Luxury residential estate in Goregaon West with 3, 4, and 5 BHK residences set beside protected mangroves, featuring nearly 150-metre tall towers and approximately 1.25 lakh sq. ft. of lifestyle experiences at Club Valora. Targeted at affluent families seeking premium waterfront-adjacent living.
• Asteria Premium residential project on Pokhran Road 2 in Thane West with 2BHK and 3BHK homes designed for natural light and contemporary luxury living. Targeted at premium homebuyers in Thane.
• Courtyard Premium 9-acre gated community on Pokhran Road 2 in Thane West offering 2, 3, 4 BHK flats with 4 acres of open spaces, a 24,000 sq. ft. clubhouse, and views of Yeoor Hills. Targeted at affluent families seeking premium community living.
• Garden Enclave Completed residential township in Vasant Vihar, Thane West spanning six lakh square feet across eight buildings, completed in 2008. Targeted at established residential buyers in Thane.

Quantifiable outcome

• Over 3,550 families have been delivered homes
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core and minor.

• NAREDCO (National Real Estate Development and Construction Council)coreOthersNAREDCO is a National Real Estate Body. Gopal Narang is a Managing Committee member, providing industry leadership and advocacy representation for Narang Realty.
• MCHI-CREDAIcoreOthersMCHI-CREDAI is a prominent real estate developers association in Mumbai. Gopal Narang is an active and key member, providing industry networking and policy advocacy.
• The Gobindram Narang FoundationminorOthersPhilanthropic arm of the Narang family that contributes to society through various social initiatives.

Scale indicators6 records

Recent moves8 records

Expansion highlights4 records

Broad incumbents

• DLF Limited: India's largest listed real estate developer with extensive luxury and commercial portfolio; competes with Narang in the premium residential and Grade-A office segments albeit at a much larger scale and national footprint.
• Shapoorji Pallonji Real Estate: Diversified conglomerate-backed developer with premium and luxury residential projects in Mumbai, comparable in product profile though broader in geographic and infrastructure footprint.

Direct peers

• Hiranandani Group: Mumbai-rooted developer with mixed residential and commercial townships in Powai and Thane, directly overlapping with Narang's Thane and Andheri footprints and similar premium positioning.
• Godrej Properties: Pan-India listed developer with a strong Mumbai luxury and premium residential portfolio (e.g., Godrej Two, Godrej Sky); comparable product mix and target customer segment as Narang Realty.
• Mahindra Lifespace Developers: Listed Indian developer with a portfolio of premium residential projects across Mumbai and other metros; comparable product positioning and similar focus on sustainability (net-zero commitments) that aligns with Narang's ESG angle.
• Runwal Group: Mumbai-centric residential and commercial developer active in Thane and central Mumbai suburbs, directly competing with Narang in similar micro-markets and price segments.
• Kalpataru Group: Mumbai-based real estate and infrastructure group with residential projects in Thane and Mumbai suburbs, overlapping directly with Narang's Thane (Vasant Vihar, Pokhran Road) presence.
• Hubtown Limited: Mumbai-focused developer with both residential and commercial projects including redevelopment work in the city, similar in scale and structure to Narang and active in overlapping geographies.
• Lodha Group (Macrotech Developers): Largest Mumbai-based residential developer with a premium and luxury product portfolio across MMR; directly competes with Narang in the same micro-markets (e.g., Andheri West, Goregaon, BKC-adjacent).
• Oberoi Realty: Mumbai-focused premium residential and commercial developer (Oberoi Mall, Commerz, Three Sixty West) with comparable luxury positioning in the same city and similar mix of high-end residential and Grade-A office exposure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@NarangRealty
• Facebookfacebook.com/NarangRealtyMumbai
• LinkedInlinkedin.com/company/narang-realty
• Instagraminstagram.com/narang_realty
• Xx.com/narang_realty

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

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 Narang Realty