Adani Properties, the real estate arm of the Adani Group, has signed an agreement with the Maharashtra Housing and Area Development Authority (MHADA) to undertake the redevelopment of Motilal Nagar in Goregaon (West), Mumbai. The deal marks one of the largest urban renewal projects in the country, valued at approximately Rs 360 billion.

MHADA has appointed Adani Properties as the construction and development (C&D) agency to redevelop the Motilal Nagar 1, 2 and 3 colonies. In March, Adani Properties emerged as the highest bidder for the 142-acre project, outbidding L&T Realty. This will be Adani’s second-largest redevelopment initiative after the Dharavi slum redevelopment project, which is being developed by Navbharat Mega Developers Pvt Ltd (NMDPL)—a joint venture between the Adani Group and the Maharashtra government.

Describing it as a long-awaited dream of the residents, MHADA Vice-President and CEO Sanjeev Jaiswal said the project would be carried out with transparency, quality, and social responsibility. Present at the signing ceremony was Pranav Adani, Director at Adani Properties.

The redevelopment of Motilal Nagar will be the largest in India to be implemented under the construction and development model. It will include the free rehabilitation of existing residents into 1,600 sq. ft apartments. MHADA will receive 397,100 square metres of constructed area from Adani Properties, significantly expanding its housing stock.

Currently, Motilal Nagar 1, 2 and 3 house around 3,700 tenements. The plan also includes 987 square metres of commercial space for non-resident tenants and a five-acre central park. Rehabilitation units are expected to be delivered within seven years.

The master plan for the project has been designed by Dutch architecture firm Mecanoo, while infrastructure planning has been handled by London-based Buro Happold.

Adani Properties, which operates under the Adani Realty brand, also has projects across the Mumbai Metropolitan Region (MMR), Pune, Ahmedabad, and Delhi-NCR. As of April 2024, its project portfolio stood at over 200 million square feet, with 130 million square feet reserved for future development—figures that have since expanded.

The company focuses on large-format, residential-led mixed-use developments. One of its most ambitious ventures is a proposed 1,000-acre township in Navi Mumbai, adjacent to the upcoming international airport being built by the Adani Group.

According to sources, the Motilal Nagar redevelopment will be a large integrated mixed-use development, with the first phase including residential and retail components.

An Adani Properties spokesperson declined to comment on the project.