The Adani Group, through its subsidiary Adani Properties Pvt Ltd (APPL), has emerged as the highest bidder for the ₹36,000 crore redevelopment of Motilal Nagar in Goregaon, Mumbai, according to a report by PTI. This marks the conglomerate’s third major urban redevelopment project in Mumbai, following the high-profile Dharavi slum cluster redevelopment and the acquisition of a 17-acre land parcel in Bandra Reclamation.
Motilal Nagar Redevelopment Project Overview
Motilal Nagar, one of Mumbai’s largest housing redevelopment projects, spans 143 acres in Goregaon West. The Maharashtra Housing and Area Development Authority (MHADA) had designated the project as a ‘special project’ to be executed through a Construction and Development Agency (C&DA). Given MHADA’s limited financial and operational capacity, it sought private-sector involvement to ensure the project’s feasibility.
Adani Group Wins Bid Over L&T
Adani Properties Pvt Ltd secured the redevelopment contract by offering 3.97 lakh square meters of built-up area to MHADA, surpassing its closest competitor, Larsen & Toubro (L&T), which bid for only 2.6 lakh square meters. This significant difference in offered built-up area played a decisive role in Adani’s victory.
A Letter of Allotment (LoA) will be issued to the Adani Group soon, following clearance from regulatory authorities and stakeholders.
Project Cost and Timeline
- Estimated Cost: ₹36,000 crore
- Rehabilitation Period: 7 years from the commencement date
- Total Built-up Area Requirement: 3.83 lakh sq. meters
- Adani’s Offered Built-up Area: 3.97 lakh sq. meters
Rehabilitation and Development Plan
The project aims to rehabilitate a massive number of residential and commercial units, along with slum tenements, under existing redevelopment policies. The breakdown includes:
- 3,372 eligible residential units under MHADA
- 328 eligible commercial units
- 1,600 eligible slum tenements as per the 1971 Slum Act
The redevelopment plan will modernize Motilal Nagar with enhanced infrastructure, green spaces, commercial zones, and improved connectivity to major transport hubs in Mumbai.
Dharavi Redevelopment Project Update
In parallel with the Motilal Nagar redevelopment, the Adani Group is also spearheading the ambitious Dharavi Redevelopment Project, a ₹3 lakh crore investment aimed at transforming Asia’s largest slum cluster into a modern urban hub.
SVR Srinivas, the CEO of the Dharavi Redevelopment Project, announced that:
- The master plan for Dharavi’s redevelopment will be finalized within a month.
- A comprehensive tenement survey is currently underway and expected to conclude in the coming months.
Significance of Adani’s Urban Expansion in Mumbai
The Adani Group’s aggressive expansion into Mumbai’s real estate and infrastructure sector signals its long-term commitment to urban development. With three major projects—Dharavi, Bandra Reclamation, and now Motilal Nagar—the conglomerate is set to play a transformative role in reshaping Mumbai’s urban landscape.
Key Benefits of the Motilal Nagar Redevelopment Project
- Improved Living Conditions – Thousands of residents will move from old, dilapidated buildings into modern housing units.
- Enhanced Infrastructure – New roads, drainage systems, and social amenities will be developed.
- Commercial Growth – Redevelopment will create new business opportunities and employment in the region.
- Increased Property Value – Upgraded residential and commercial spaces will boost real estate prices.
- Sustainable Urbanization – The project aims to include green spaces and eco-friendly designs.
With the successful bid for Motilal Nagar’s redevelopment, the Adani Group is solidifying its position as a dominant player in Mumbai’s real estate sector. As the project moves forward, stakeholders and residents await further updates on implementation timelines, resettlement plans, and construction milestones.
