Oshiwara II was designed to relocate households affected by the Mumbai Urban Infrastructure Project, which constructed major road and rail infrastructure throughout Mumbai, and displaced an estimated 30,000 households as a result. Oshiwara II was designed to house 1036 of those families impacted, as well as an additional 370 households who already resided in the chosen project area and were entitled to free housing under the Slum Rehabilitation Authority of Mumbai.

The site was obtained through a joint venture with a large property owner VIDEOCON on a piece of land three times the size of the Oshiwara I. The units were built using a seven storey design with an urban layout that included welfare centres, recreation areas, terraces, car parking and commercial units. The majority of the project was funded through the sale of the Transferable Development Rights (TDRs), with further revenue provided through residential unit sales.

Oshiwara II was the largest single development that SSNS has ever undertaken. The project benefitted from the lessons learned from previous projects, and in particular from the Oshiwara I development, which was constructed on adjacent land. The majority of sub-contracts were given to community-based teams and financing was provided through ICICI bank.