+
Adani Secures Rs 3.6 Trillion Motilal Nagar Project
Real Estate

Adani Secures Rs 3.6 Trillion Motilal Nagar Project

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.

For the master plan, Adani Group has engaged leading international consultants. The architectural blueprint has been designed by Dutch firm Mecanoo, while infrastructure planning has been led by London-based Buro Happold. The rehabilitated residential buildings will also feature solar panels, underlining the project’s sustainability credentials. 

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.For the master plan, Adani Group has engaged leading international consultants. The architectural blueprint has been designed by Dutch firm Mecanoo, while infrastructure planning has been led by London-based Buro Happold. The rehabilitated residential buildings will also feature solar panels, underlining the project’s sustainability credentials. 

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?