Adani Properties Secures Major Redevelopment Deal for Mumbai's Motilal Nagar
Adani Properties, a real estate firm of the Adani Group, has signed an agreement with Mhada for the redevelopment of Motilal Nagar in Mumbai, marking a significant milestone in urban transformation.
Adani PropertiesMhadaRedevelopmentMumbaiMotilal NagarReal Estate MumbaiJul 07, 2025
Mhada has appointed Adani Properties as the construction and development (C&D) agency for the redevelopment of Motilal Nagar 1, 2, and 3 colonies. This project, spanning 142 acres, is valued at ₹36,000 crore, and Adani Properties emerged as the highest bidder, outcompeting L&T Realty.
The Motilal Nagar redevelopment project will be Adani's second-largest after the mega Dharavi slum redevelopment project in Mumbai. The Dharavi project is being developed by Navbharat Mega Developers Pvt. Ltd (NMDPL), a joint venture between the Maharashtra government and the Adani Group.
Mhada Vice-President and CEO Sanjeev Jaiswal expressed his enthusiasm for the project, stating, “The long-cherished dream of the residents of Motilal Nagar is now taking concrete shape. We aim to make this the finest redevelopment project in the country, ensuring transparency, quality, and social commitment through Mhada's implementation.” Pranav Adani, director at Adani Properties, was present at the agreement signing ceremony.
The Motilal Nagar Mhada colony will be the largest redevelopment project in the country to be implemented through the construction and development model. It will entail free rehabilitation of residents in 1,600 sq. ft apartments. Mhada will receive 397,100 square metres of constructed area from Adani Properties, significantly boosting its housing stock in the near future.
Motilal Nagar 1, 2, and 3 colonies currently comprise 3,700 tenements. Additionally, non-resident tenants will be provided with 987 sq. m. of commercial space. A five-acre central park will be a key feature of the project. The construction of the rehabilitation units is expected to be completed within seven years.
A comprehensive master plan for the project has been developed by Mecanoo, a renowned architecture firm based in the Netherlands, while the infrastructure planning was done by London-based Buro Happold.
Apart from the Mumbai Metropolitan Region (MMR), Adani Properties, operating under the Adani Realty brand, has real estate projects in Pune, Ahmedabad, and Delhi-National Capital Region (NCR). As of April 2024, the company's project portfolio totals over 200 million sq ft, with 130 million sq ft earmarked for potential future development. Since then, the company's portfolio has expanded rapidly.
Adani Properties plans to develop a mix of housing, office, and retail projects, specializing in large-format, often complex, residential-led developments. The company's largest development will likely be a massive 1,000-acre township project in Navi Mumbai, where the conglomerate is building a new international airport.
In the Motilal Nagar project, Adani Properties plans to develop a large integrated mixed-use development, where the first phase will include residential development along with some retail. An Adani Properties spokesperson did not respond to queries.
Frequently Asked Questions
What is the value of the Motilal Nagar redevelopment project?
The Motilal Nagar redevelopment project is valued at ₹36,000 crore.
Who is the highest bidder for the Motilal Nagar project?
Adani Properties emerged as the highest bidder for the Motilal Nagar project, outbidding L&T Realty.
What is the size of the Motilal Nagar project?
The Motilal Nagar project spans 142 acres in suburban Mumbai's Goregaon (West).
What will Mhada receive from the project?
Mhada will receive 397,100 square metres of constructed area from Adani Properties.
What is the expected completion time for the rehabilitation units?
The construction of the rehabilitation units is expected to be completed within seven years.
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