Adani Realty's Mega Luxury Project in Mumbai's Prime Bandra Reclamation
Adani Realty is set to develop its largest luxury residential project in Mumbai's Bandra Reclamation, a prime sea-facing area. The project, spanning 20 acres, will include large-format homes, duplexes, and penthouses, along with a high-end clubhouse and premium retail space.
Adani RealtyLuxury Real EstateBandra ReclamationMumbaiHighend DevelopmentReal Estate MumbaiJul 04, 2025
The project, currently in the design and planning stage, will be developed over 20 acres located along the Bandra-Worli Sea Link approach road, facing the Mahim Bay. The land belongs to the state agency Maharashtra State Road Development Corporation (MSRDC).
Last year, Adani Realty emerged as the top bidder for the redevelopment of the land, outbidding L&T Realty, which was the only other eligible bidder in the bid process. Once the necessary approvals are obtained, the first phase of the project, spread across roughly five acres, will begin development.
Mumbai, India's most valuable property market, has steadily become Adani Realty's core real estate-focused geography. The company has already built premium homes in Mumbai, with the most expensive being ‘Ten BKC’, which sells at ₹60,000-70,000 per sq ft.
“This will be Adani's entry into the luxury development space. The project has the pricing potential of at least ₹1 lakh per sq ft. The first phase of the project will have large-format homes that could be as big as 5,000 sq ft, as well as duplexes and penthouses of 10,000-12,000 sq ft. Given the location of this phase, all the homes will have an expansive sea view,” said a source who wished to remain anonymous.
The project will also include a high-end, branded clubhouse run by a hospitality firm and premium retail space. “It will have a golf simulator, infinity pool, branded spa, and salon. International architects are working on the design and project plan,” the source added.
An Adani Realty spokesperson did not respond to queries from the media.
Apart from the Mumbai Metropolitan Region (MMR), the developer has real estate projects in Pune, Ahmedabad, and Delhi-National Capital Region (NCR). As of April 2024, its 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.
While the company plans to develop a mix of housing, office, and retail projects, it specializes in large-format, often complex, residential-led developments. “Despite Bandra being a micro-market that sells between ₹60,000 and ₹1,50,000 per sq ft, there is limited supply of large format homes because of the small plot sizes. So, there is a very good demand for larger homes. Besides the fantastic location and accessibility, the Bandra Reclamation project is a great opportunity to develop a large residential community in the heart of the city,” said Anuj Puri, chairman at property advisory Anarock Group.
Meanwhile, last year, two public interest litigations were filed in the Bombay High Court questioning the allotment of the land for commercial development, citing environmental concerns.
Adani Realty entered the real estate sector in 2010 with the 600-acre Shantigram mixed-use development township project in Ahmedabad. Like some of the leading developers, such as DLF Ltd and Godrej Properties Ltd, Adani Realty saw the current market as an opportunity to strengthen its residential business, particularly large developments.
While it has projects in other cities, the company is clearly focused on Mumbai. The mega Dharavi redevelopment project is being developed by Navbharat Mega Developers Pvt. Ltd (NMDPL), a special purpose vehicle formed as a joint venture between the Maharashtra government and the Adani Group.
In March, Adani Properties (the parent company that operates under the Adani Realty brand) was the highest bidder to redevelop Motilal Nagar in suburban Mumbai's Goregaon along with the Maharashtra Housing and Area Development Authority (Mhada), at an estimated cost of ₹36,000 crore.
Earlier this year, an Adani Group subsidiary also acquired a 1.1-acre plot in south Mumbai's tony Carmichael Road locality for over ₹170 crore. “The company has been deliberating over the nature of development on this land, and it is likely to develop a few ultra-luxury apartments. While the per square foot price would be more than the Bandra Reclamation project, this is a small project with boutique homes that could sell just by word of mouth,” said a second source.
Possibly, the company's largest development will be a massive 1,000-acre township project in Navi Mumbai, where the conglomerate is building a new international airport.
Frequently Asked Questions
What is the size of the Adani Realty project in Bandra Reclamation?
The project will be developed over 20 acres located along the Bandra-Worli Sea Link approach road, facing the Mahim Bay.
What is the pricing potential of the Bandra Reclamation project?
The project has the pricing potential of at least ₹1 lakh per sq ft.
What amenities will the project include?
The project will include a high-end, branded clubhouse with a golf simulator, infinity pool, branded spa, and salon, as well as premium retail space.
What other cities does Adani Realty have projects in besides Mumbai?
Adani Realty has projects in Pune, Ahmedabad, and the Delhi-National Capital Region (NCR).
What is the significance of the Bandra Reclamation project for Adani Realty?
The Bandra Reclamation project is a significant entry for Adani Realty into the luxury development space, offering large-format homes, duplexes, and penthouses in a prime location with expansive sea views.
Related News Articles
Couple Arrested for Duping Investors in Multi-Crore Real Estate Scam
Cyberabad police crack down on real estate fraud, arrest couple for cheating investors of crores.
Arka Investment Advisory Services Launches Rs 500 Crore Alternative Investment Fund
Arka Hreem Real Estate Opportunities Fund targets residential real estate in tier I cities
Ventive Hospitality Sets IPO Price Band at Rs 610-643
Pune-based Ventive Hospitality, a joint venture between the Panchshil Group and Blackstone Group, has set the price band for its Initial Public Offering (IPO) at Rs 610 to Rs 643.
Bengaluru's Residential Market Experiences Significant Growth in 2024
Bengaluru has emerged as a leading city in India's residential real estate sector, with remarkable growth and increased investments observed in 2024. The city's appeal extends beyond its tech hub status, attracting a diverse range of homebuyers and invest
MahaRERA Suspends 1,950 Non-Compliant Real Estate Projects; Thousands More at Risk
The Maharashtra Real Estate Regulatory Authority (MahaRERA) has temporarily suspended the registration of 1,950 lapsed real estate projects across the state, affecting thousands of homebuyers and raising concerns about the future of additional projects.
Unveiling the Hidden Dangers in Luxury Real Estate
Discover the alarming truth behind the substandard quality in luxury real estate, often concealed by luxurious exteriors and clever marketing tactics.