EV Homes – Builder Overview, Projects, Locations, Pricing
Introduction
In Vashi and Kopar Khairane, EV Homes has become a common search because the market is shifting from older CIDCO low-rises into high-density redevelopment towers. People are not only searching the name; they are searching the “reason” behind the pricing, the possession timelines, and whether the builder’s engineering background translates into safer execution.
The triggers are predictable on-ground: expo visibility such as CREDAI BANM Raigad Expo, broker recommendations in prime nodes, hoardings around Sectors 9 and 10, and the fact that under-construction “international themed” towers are changing the skyline. This guide stays buyer-first: what is known, what is priced, and what must be verified.
Quick Reference Table EV Homes at a Glance
| Parameter | Details |
|---|---|
| Developer Name | EV Homes Constructions Pvt. Ltd. (EV Group) |
| Parent Organization | EV Group |
| Origin (Engineering) | 1974 (as an engineering contractor) |
| Incorporation Date (EV Homes) | August 25, 2005 |
| Founder / Chairman | Cmdr. E.V. Thomas |
| Administrative Head | EV Benny |
| Second Gen Directors | Vicky Thomas, Ricki Thomas |
| Headquarters | Vardhaman Chambers, Sector 17, Vashi |
| Authorized Capital | ₹5 Crore |
| Paid-up Capital | ₹4 Crore |
| Track Record (Engineering era) | Palm Beach Road, Mulund–Airoli Bridge, major works for MSEB / CPWD / CIDCO |
| Delivered Built Space (Group) | 2+ million sq. ft. completed |
| Contractor Network (Group) | 500+ engineering contractors |
| Primary Operating Region | Vashi, Kopar Khairane and prime Navi Mumbai nodes |
| Completed Projects (Named) | Orion, Millennium Park, Eden Palace |
| Ongoing Flagship Projects | EV 10 Marina Bay, EV 9 Square, EV 23 Malibu West |
| RERA Registration | Yes, project-wise (see table below) |
| Website | https://evhomes.tech/ |
| Contact / Sales Office | Verify from official website / project site office |
About EV Homes
Who Is EV Homes?
EV Homes sits under EV Group, which began in 1974 as a core engineering firm founded by Cmdr. E.V. Thomas. Unlike builders who entered housing via brokerage or land-only plays, EV Group built credibility through infrastructure delivery for agencies like MSEB, CPWD and CIDCO, where structural discipline matters more than branding.
EV Homes as a residential developer was formalized in 2005, and its current identity is shaped by a deliberate shift: from pure engineering to luxury redevelopment in Vashi and Kopar Khairane. In an old market like Vashi, that pivot is significant because buyers already have resale options, so a new tower must justify itself through specs, planning, and execution.
Development & Market Positioning
EV Homes’ current market positioning is not “generic new construction.” It is theme-led, amenity-forward vertical living, designed mainly for Vashi residents who want to upgrade to larger configurations without leaving their schools, hospitals, and daily ecosystem.
The “international theme” approach is also tied to leadership exposure in overseas markets like Oman and Saudi Arabia, which influences both the aesthetic pitch and the lifestyle amenities. In simple terms: they are selling an upgrade story, not just a flat.
EV Homes and Industry Exposure (CREDAI / Property Expos / Associations)
Participation in CREDAI BANM / Raigad / Navi Mumbai Property Expos
When buyers hear a builder name repeatedly, they look for signals beyond advertising. One such signal is visibility at industry platforms like CREDAI BANM Raigad Expo, because it suggests the builder is operating in the open market where documentation, and peer visibility are higher than random roadside promotion.
EV Homes Project Portfolio Overview
EV Homes is currently most discussed for three “themed” towers that sit directly inside prime, high-demand nodes. They are structured to compete in a market where older 2BHK resale benchmarks exist, but lifestyle expectations are rising fast.
At the same time, EV Homes also has named delivered projects such as Orion, Millenium Park, and Eden Palace, and a deeper legacy of engineering-led delivery that buyers connect with “structural seriousness,” especially in redevelopment.
Completed Projects - Delivery Status & Locations
EV Homes has delivered projects including Orion, Millenium Park, and Eden Palace (project addresses and handover timelines should be verified project-wise). For buyers, completed stock is where the real truth lives: build quality after 2–3 monsoons, society functioning, and how the developer handles post-handover issues.
The more relevant signal here is not a brochure claim; it is the group’s institutional history of building complex public infrastructure. That background does not replace due diligence, but in a redevelopment-heavy market, it is not a small factor either.
Ongoing Projects - Current Developments & Areas
The three flagship under-construction projects are EV 10 Marina Bay (Vashi), EV 9 Square (Vashi), and EV 23 Malibu West (Kopar Khairane). Each is positioned differently: Sector 10A convenience and social infra proximity, Sector 9 “silent sector” privacy, and Sector 23 premium dominance in a node that historically stayed mid-market.
The timelines matter because redevelopment projects can stretch due to tenant vacating, approvals, and clearances. MahaRERA possession dates are the cleanest public reference point, and current filings indicate 2028–2029 windows for these projects.
Upcoming Projects - Future Development Pipeline
EV Homes is also associated with large cluster redevelopment works under schemes like URS where regulatory structure is more defined than ad-hoc redevelopment. Market chatter often mixes developer names and takeovers; in EV Homes’ case, the stronger publicly observed pattern is focus on authorized cluster redevelopment in prime nodes.
If you are evaluating “upcoming” inventory, treat launch timelines as risk-bearing until approvals and registrations are visible. In this market, the safest lens is always project-wise disclosure, not brand-wide assumptions.
Money, Configuration, RERA, Possession, Pricing (Tabular)
Upcoming Projects - Future Development Pipeline
| Project | Location | Theme | RERA ID | Possession (As per RERA) | BHK Options | Starting Price |
|---|---|---|---|---|---|---|
| EV 10 Marina Bay | Sector 10A, Vashi | Singapore | P51700028722 | June 2028 | 2, 3, 5 BHK | ₹2.00 Cr |
| EV 9 Square | Sector 9, Vashi | New York | P51700055650 | Dec 2028 | 3 BHK | ₹2.80 Cr |
| EV 23 Malibu West | Sector 23, Kopar Khairane | Malibu, California | P51700078094 | Dec 2029 | 2, 3 BHK | ₹1.89 Cr |
B) Configuration Table (1BHK / 2BHK / 3BHK / 5BHK, Carpet, Money)
| Project | 1BHK | 2BHK | 3BHK | 5BHK / Jodi | Carpet Area Notes | Price Notes |
|---|---|---|---|---|---|---|
| EV 10 Marina Bay | Not listed | Yes | Yes | Yes | 2BHK around 607 sq. ft.; up to 1,391 sq. ft. for larger combinations | Entry around ₹2.00 Cr; premium 3BHK can reach ~₹4 Cr+ depending on view and size |
| EV 9 Square | Not listed | Not listed | Yes | Not listed | 3BHK focused; “zero wastage” layouts with decks | Starts around ₹2.80 Cr |
| EV 23 Malibu West | Not listed | Yes | Yes | Not listed | Sea-facing potential due to holding pond positioning | Starts around ₹1.89 Cr |
C) Builder Portfolio Status (Completed vs Ongoing vs Pipeline)
| Portfolio Bucket | Count | What’s Included |
|---|---|---|
| Completed (Named) | 3 | Orion, Millenium Park, Eden Palace |
| Ongoing Flagships | 3 | EV 10 Marina Bay, EV 9 Square, EV 23 Malibu West |
| Large Redevelopment Works | To be verified | Cluster redevelopment such as societies in Sector 9 (verify project docs and registrations) |
Location-Wise Presence of EV Homes
Navi Mumbai Presence
EV Homes’ high-visibility footprint is currently concentrated in Vashi (Sector 9, Sector 10A) and Kopar Khairane (Sector 23). These are not fringe locations; they are established nodes where daily convenience, schools, hospitals, and business corridors already exist, which is why pricing expectations are naturally higher than developing nodes.
This strategy also explains the buyer mix: people upgrading within the same node, not first-time buyers looking for entry-level bargains. In Vashi specifically, proximity to schools like St. Mary’s and Father Agnel, plus healthcare anchors like Fortis Hiranandani Hospital, becomes a practical decision driver.
Raigad / Peripheral MMR Presence
EV Homes’ industry visibility also overlaps with platforms like CREDAI BANM Raigad Expo, which matters because Navi Mumbai’s prime-market momentum often radiates into Panvel-Raigad belts. That does not automatically mean every EV Homes product sits in Raigad; it means the buyer audience and market ecosystem overlaps heavily.
For buyers, the correct approach is to separate “expo presence” from “project location.” Confirm location, approvals, and RERA for each project, then judge the opportunity.
Track Record & Execution Style (Non-Promotional Analysis)
The strongest differentiator EV Homes carries is its engineering lineage: legacy civil works, electrical systems experience, and infrastructure delivery discipline. In a redevelopment market, where structural inconsistencies and contractor fragmentation can become risk points, in-house rigor becomes a real evaluation parameter.
At the same time, the risk side is equally clear: Vashi pricing norms were historically lower, and EV Homes is pushing premium levels, which creates the classic price vs size conflict. Add the vertical shift from 4-storey to 28-storey formats, and you also inherit local friction around traffic, sewage load, and construction management discipline.
Critical Analysis: Price vs Size and the Rental Yield Trap
Vashi is an older, liquid resale market where many CIDCO 2BHKs often trade around the mid-range, while new branded inventory pushes beyond ₹2 Cr and premium sizes can touch ₹4 Cr+. EV Homes is testing the upper ceiling, and the buyer who says “why so expensive?” is not wrong to ask.
For investors, the math becomes harsh because rental yields in prime nodes generally sit low. A high-ticket flat can carry a large EMI while rents remain limited, creating negative carry, which is why these projects naturally skew toward end-users with higher liquidity rather than yield-focused investors.
Competitor Lens: EV Homes vs National Brands
In the Vashi 9/10 belt, competition often includes national players like Godrej, and the real trade-off becomes “specs and theme” versus “brand resale safety.” EV Homes tends to win the lifestyle battle through themed amenities, while national brands typically win conservative buyer comfort.
The correct buyer conclusion is not that one is universally better; it is that your goal must decide the builder. End-user upgrade buyers evaluate specs harder, while cautious investors often prefer brand comfort.
Who Should Consider Buying with EV Homes
Suitable Buyer Profiles
EV Homes fits best for buyers who want to upgrade within Vashi-Kopar Khairane without relocating to quieter but less connected edges. It also fits families who value established social infrastructure and want “new tower living” without losing the node advantage.
From a buyer psychology angle, these homes are built for pride-of-address and lifestyle convenience, not just square-foot arithmetic. If your decision is rooted in daily life, the proposition becomes more logical.
Who May Want to Evaluate Carefully
If your priority is immediate possession, the 2028–2029 windows mean you must be comfortable with construction timelines typical of redevelopment towers. If your priority is luxury-brand positioning of South Mumbai style, you may want to compare broader premium ecosystems.
If your investment strategy depends on high rental yield, you should evaluate very carefully because premium pricing combined with moderate rents can trap you into long-term negative carry.
Investment Perspective - Long-Term Value & Location Growth
The upside case is simple: prime nodes get premium redevelopment first, and high-end inventory can reset neighborhood pricing over time. The downside case is also simple: if the market resists the new ceiling, appreciation can slow while carrying costs remain high.
Infrastructure optimism is often connected to airport-led growth narratives, but buyers should treat timelines as dynamic and focus more on node fundamentals: connectivity, job corridors, and social infra density, which Vashi and Kopar Khairane already have.
Conclusion
EV Homes represents a builder profile that is unusual in Navi Mumbai: infrastructure-engineering roots combined with theme-led luxury redevelopment. The three flagship towers in Vashi and Kopar Khairane are positioned to reshape local expectations, but they also bring real buyer questions around price ceilings, density strain, and possession timelines.
Shortlist EV Homes if you want prime-node upgrade living and can carry the timeline risk comfortably. Before booking, verify project-wise RERA, approvals, construction stage, and speak to residents in completed EV Homes societies to validate real-world delivery quality.
FAQ's
Frequently Asked Questions
