The Makwana Group
The Makwana Group is a Mumbai-based, family-owned real estate developer building luxurious 1BHK residential apartments in two premium 22-storey projects — Krishna Palace (Borivali West) and Om Palace (Malad West) — targeting individual home buyers seeking quality homes in Mumbai's prime western suburbs.
- Company typePrivate
- Founded1972
- HeadquartersMumbai, India
- Headcount11–50
- GTM typeB2C
- OfferingServices
What The Makwana Group does
The Makwana Group is a privately held, family-owned real estate developer based in Mumbai, India, specializing in luxurious 1BHK residential apartments in the city's prime western suburbs. Founded in 1972 by Shree Ratilal PremjiBhai Makwana as a metal fabrication business (gates, grills, railings), the company pivoted into real estate development on 7 January 2005, drawing on multi-generational craftsmanship heritage dating back to handmade iron locksmithing circa 1900 in Ugalvan, Gujarat. The company's core products are two 22-storey premium residential developments — Krishna Palace at Borivali West (MahaRERA P51800002538) and Om Palace at Malad West (MahaRERA P51800002838) — both targeting families and individuals seeking spacious, elegantly designed 1BHK homes built with Indian-branded materials.
The company generates revenue through one-time residential unit sales to individual home buyers, employing a direct-to-consumer go-to-market model that combines physical show flats at project sites, phone-based sales inquiries, and an online enquiry form on its Wix-hosted website. Both projects are registered with the Maharashtra Real Estate Regulatory Authority (MahaRERA), ensuring regulatory compliance for sales. The firm maintains a digital presence across LinkedIn, Instagram, Facebook, YouTube, and X (Twitter), supporting top-of-funnel brand visibility, while show flats and sample flats serve as bottom-of-funnel conversion touchpoints. Pricing is quote-based and not publicly disclosed, requiring direct buyer engagement.
The Makwana Group employs 11–50 people and operates exclusively within Mumbai with no subsidiaries, no external institutional funding, and no parent holding company. Ownership is concentrated within the founding Makwana family. The company emphasizes a 'Made In India' product philosophy and inherited ornamental metalwork skills, positioning these as differentiators against larger Mumbai developers. Its stated mission centers on building aspirational homes for families, with values of humility, uniqueness, and service excellence inherited from its four-generation evolution from farmers to locksmiths to fabricators to developers.
The Makwana Group firmographics
Firmographics- Name
- The Makwana Group
- Legal name
- The Makwana Group
- Website
- https://themakwanagroup.com
- Company type
- Private
- Founded year
- 1972
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- The Makwana Group is a Mumbai-based, family-owned real estate developer building luxurious 1BHK residential apartments in two premium 22-storey projects — Krishna Palace (Borivali West) and Om Palace (Malad West) — targeting individual home buyers seeking quality homes in Mumbai's prime western suburbs.
- Ownership category
- akta.pro rank
The Makwana Group industry classification
Industry- Product category
- Residential Real Estate Development
- NAICS
- New Housing For-Sale Builders (236117), Land Subdivision (2372), Residential Building Construction (23611)
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552), Real Estate Dealers (For Their Own Account) (6532)
- akta.pro primary industry
- Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)
- akta.pro secondary industry
- Real Estate Development Asset Management (Project/Construction-to-Stabilization) (BPAJAMAL)
Keywords
Where The Makwana Group is headquartered
LocationHeadquarters
- HQ city
- Mumbai
- HQ country
- India
- HQ region
- Asia
Offices3 records
Markets served
The Makwana Group business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Supply Chain, Operations, Personnel, Marketing or Sales, Others
Revenue model
- Residential Property Sales: The Makwana Group generates revenue through the sale of luxurious 1BHK residential apartments in their development projects in Mumbai. Revenue is realized upon completion and handover of residential units to buyers. Their two current projects are Krishna Palace (Borivali West) and Om Palace (Malad West), both offering 1BHK residences in 22-storey buildings.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Multi-year contract | 1BHK Residences at Krishna Palace, Borivali West |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels7 records
The Makwana Group product offering
Product offeringCore offering
The Makwana Group develops and sells luxurious 1BHK residential apartments in Mumbai through two 22-storey projects—Krishna Palace in Borivali West and Om Palace in Malad West. The company handles end-to-end real estate development, from land acquisition and construction to sales and handover, targeting families and individuals seeking premium homes in Mumbai's prime suburban locations. Both projects are MahaRERA registered and constructed using branded Indian materials.
Product overview
The Makwana Group is a Mumbai-based real estate developer offering luxurious 1BHK residential apartments across two premium projects: Krishna Palace in Borivali West and Om Palace in Malad West. Both are 22-storey developments featuring sophisticated design, spacious rooms, and high-quality finishes using Made in India products. The company targets families seeking opulent lifestyle options at prime Mumbai locations.
Differentiator
Problem solved
Functional benefit
Products and services
- Krishna Palace Premium 22-storey residential development offering luxurious 1BHK residences at Borivali West, Mumbai. Features sophisticated design, elegant aesthetics, ample room, and luxury finishes using best Indian Brands. Located in a happening suburban area of Mumbai. MahaRERA registered under P51800002538.
- Om Palace Premium 22-storey residential development offering lavish 1BHK residences at Malad West, Mumbai. Features spacious rooms, luxurious living spaces equipped with Made in India products, strategic location, accessibility, and safety features. MahaRERA registered under P51800002838.
Companies that use The Makwana Group
Customer profileSegments1 record
Ideal customer profiles1 record
The Makwana Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
The Makwana Group partnerships and signals
Strategic signalScale indicators1 record
Recent moves6 records
Expansion highlights4 records
The Makwana Group competitors and assessment
Company assessmentDirect peers
- Ekta World: Mumbai-based developer of premium and luxury residential apartments, comparable to The Makwana Group on luxury 1BHK/2BHK product positioning and western-suburban geography.
- Transcon Developers: Boutique Mumbai developer delivering premium residential towers in established suburban locations, comparable in scale, private ownership, and product-led GTM.
- Marathon Group: Mumbai-based, multi-decade residential and commercial developer offering apartment products in suburban markets, comparable to Makwana on heritage, private ownership, and project-led revenue model.
- Sanghvi Group (Mumbai): Private Mumbai real estate developer with similar scale and product positioning around premium apartment developments in established residential corridors.
- Acme Group (Mumbai): Privately held Mumbai residential developer delivering multi-storey apartment projects in suburban micro-markets, comparable to The Makwana Group in scale, private family ownership, and direct-sales model.
- Sheth Creators: Mumbai-based developer of mid- to upper-mid residential projects with a comparable product focus on apartment configurations in established western suburbs, serving similar end-user home-buyer segments.
- Avighna Group: Mumbai-focused luxury and premium residential developer operating in similar suburban micro-markets with comparable project sizing and target buyer profile.
- Hubtown Limited: Mumbai-focused real estate developer with similar product mix of residential apartments in suburban locations and comparable direct-to-consumer sales orientation.
Broad incumbents
- Lodha (Macrotech Developers): One of India's largest listed residential developers with a dominant Mumbai portfolio across price points and micro-markets, providing a useful benchmark for brand, scale, and execution expectations.
Others
Market position
Strengths4 records
Weaknesses5 records
Competitive moat2 records
Key risks6 records
Key highlights6 records
Customer concentration
The Makwana Group social profiles
Digital presenceThe Makwana Group compliance and trust
Trust signalCompliance2 records
The Makwana Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
The Makwana Group leadership team
Management profileNumber of profiles
Profiles1 record
The Makwana Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
The Makwana Group M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about The Makwana Group
What does The Makwana Group do?
The Makwana Group develops and sells luxurious 1BHK residential apartments in Mumbai through two 22-storey projects—Krishna Palace in Borivali West and Om Palace in Malad West. The company handles end-to-end real estate development, from land acquisition and construction to sales and handover, targeting families and individuals seeking premium homes in Mumbai's prime suburban locations. Both projects are MahaRERA registered and constructed using branded Indian materials.
Is The Makwana Group a public or private company?
The Makwana Group is a private company. It is classified as family owned and is currently operating.
When was The Makwana Group founded?
The Makwana Group was founded in 1972. It employs 11 to 50 people.
Where is The Makwana Group based?
The Makwana Group is headquartered in Mumbai, India, in the Asia region.
How does The Makwana Group make money?
One revenue line is on record: residential Property Sales.
Who are The Makwana Group's main competitors?
Direct peers on record are Ekta World, Transcon Developers, Marathon Group, Sanghvi Group (Mumbai), Acme Group (Mumbai), Sheth Creators, Avighna Group and Hubtown Limited. Lodha (Macrotech Developers) is listed as a broad incumbent. Godrej Properties is listed as an others.
Does The Makwana Group have an API?
No public API is recorded for The Makwana Group.
What industry is The Makwana Group in?
The Makwana Group's product category is Residential Real Estate Development. Its primary akta.pro industry code is IMAFABAL, Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities), with a secondary code of BPAJAMAL, Real Estate Development Asset Management (Project/Construction-to-Stabilization). Its NAICS code is 236117 and its SIC code is 6552.