MSRDC Relocates to Dadar as Adani Realty Prepares for Bandra Reclamation Development
The Maharashtra State Road Development Corporation (MSRDC) is set to move its head office to Dadar, allowing Adani Realty to commence development on a prime sea-facing land in Bandra. This move comes after a lengthy legal battle and a successful bid by Adani Realty.
MsrdcAdani RealtyBandra ReclamationReal EstateDevelopmentReal Estate MaharashtraJan 3, 2026
Following a prolonged legal battle, Adani Realty emerged as the successful bidder to develop the 22-acre plot, which currently houses MSRDC’s head office and a casting yard. When bids were opened in February 2024, Adani Realty offered a revenue share of 22.79% to MSRDC, the highest among the bidders. Mumbai-based Larsen and Toubro (Larsen and Toubro) had quoted an 18% revenue share, while Mayfair Housing, the third bidder, was disqualified.
“We will be operating from there for the next five years. By then, MSRDC Bhavan is expected to be ready at Bandra Reclamation, after which we will move back,” an MSRDC official told Hindustan Times. The corporation’s temporary office will occupy the 21st, 22nd, and 23rd floors of Kohinoor Square in Dadar. As per the agreement, Adani Realty will bear the lease cost during this period.
More than 15 years ago, MSRDC was headquartered at Nepean Sea Road before shifting to Bandra Reclamation in search of larger premises. Prior to becoming its main office, the current plot had served as a project site office for the Bandra-Worli Sea Link. With the corporation once again moving to a temporary location, officials said there were concerns about possible space constraints during the interim period.
The relocation of MSRDC to Dadar marks a significant step in the development plans for the Bandra Reclamation area. Adani Realty’s successful bid and the subsequent development of the 22-acre plot are expected to bring substantial economic and infrastructural benefits to the region. The project is anticipated to boost local employment and contribute to the overall growth of Mumbai’s real estate sector.
Frequently Asked Questions
Why is MSRDC moving its head office to Dadar?
MSRDC is moving its head office to Dadar to allow Adani Realty to begin development on the prime sea-facing land parcel at Bandra Reclamation. This move is part of a larger development plan and follows a successful bidding process.
Who won the bid to develop the 22-acre plot at Bandra Reclamation?
Adani Realty won the bid to develop the 22-acre plot at Bandra Reclamation, offering a revenue share of 22.79% to MSRDC, the highest among the bidders.
Where will MSRDC's temporary office be located?
MSRDC's temporary office will be located at Kohinoor Square in Dadar, occupying the 21st, 22nd, and 23rd floors. Adani Realty will bear the lease cost during this period.
What was the previous location of MSRDC's head office before Bandra Reclamation?
Before moving to Bandra Reclamation, MSRDC's head office was located at Nepean Sea Road. The corporation shifted to Bandra Reclamation in search of larger premises about 15 years ago.
What are the expected benefits of Adani Realty's development project?
Adani Realty's development project is expected to bring substantial economic and infrastructural benefits to the Bandra Reclamation area, including boosting local employment and contributing to the overall growth of Mumbai’s real estate sector.
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