The Adani Group has secured its third major project in Mumbai—redevelopment of the Motilal Nagar colonies in Goregaon (West)—after clinching the Dharavi redevelopment and Bandra Reclamation land parcel deals. The Maharashtra Housing and Area Development Authority (MHADA) signed the redevelopment agreement with Adani Group on 7 July for Motilal Nagar 1, 2, and 3.

The project, with an estimated cost of Rs 3.6 trillion, is one of the largest housing redevelopment initiatives in India and spans 142 acres. Under this agreement, Adani Group has been officially appointed as the Construction and Development (C&D) agency.

MHADA confirmed that this is the country’s largest redevelopment project being executed via the C&D model. The initiative aims to rehabilitate 3,372 eligible residential units, 328 commercial units, and 1,600 slum tenements governed by the 1971 Slum Act.

The agreement was signed in the presence of MHADA vice president and CEO Sanjeev Jaiswal and Pranav Adani, director of Adani Properties Pvt Ltd. “This dream of redevelopment is finally becoming reality. We are committed to transparency, quality and social responsibility through MHADA’s execution,” Jaiswal stated.

A standout feature of the project is the free rehabilitation of eligible residents in ultra-modern 1,600 sq ft apartments. MHADA will also receive 3.97 million sq m of built-up area from the developer, significantly increasing its future housing stock.

The Motilal Nagar redevelopment will cover approximately 58.41 million sq m and include a five-acre central park, dedicated commercial space for non-resident tenants, and integrated traffic and mobility planning. The project is expected to be completed within seven years.