+
Adani to Build Rs 100 Bn Township in Panvel
Real Estate

Adani to Build Rs 100 Bn Township in Panvel

Following its central role in Mumbai’s Dharavi redevelopment, Adani Realty is now planning a major real estate push in Panvel, with a township project worth nearly Rs 100 billion. Spread over 1,000 acres, the proposed “Adani Panvel” township is expected to be one of the largest real estate investments in the Mumbai Metropolitan Region (MMR) in recent times.

The project arrives at a time when Panvel is witnessing rapid infrastructure upgrades, making it a key residential and commercial hub. Improved connectivity through the Mumbai Trans Harbour Link (Atal Setu), along with the upcoming Navi Mumbai International Airport (NMIA), has significantly boosted the area’s appeal. The government’s Third Mumbai plan—Karnala-Sai-Chirner New Town—also places Panvel at the centre of a new wave of urban expansion.

Adani Panvel is expected to further accelerate real estate activity in Navi Mumbai, driving prices upward and attracting more investment. Market experts say the project’s scale and backing by a major developer mark a turning point for the region.

Dhiren Tharwani, Director of Tharwani Realty, stated that Navi Mumbai is evolving from an affordable housing zone into a premium and ultra-premium destination. Jignesh Visaria, Partner at The Platinum Group, added that Adani’s 1,000-acre land acquisition signals a broader shift towards large-scale integrated townships. Aksha Kamboj, Executive Chairperson of Aspect Global Ventures, echoed this sentiment, highlighting Navi Mumbai’s transformation into one of the city’s most promising real estate markets.

Following its central role in Mumbai’s Dharavi redevelopment, Adani Realty is now planning a major real estate push in Panvel, with a township project worth nearly Rs 100 billion. Spread over 1,000 acres, the proposed “Adani Panvel” township is expected to be one of the largest real estate investments in the Mumbai Metropolitan Region (MMR) in recent times.The project arrives at a time when Panvel is witnessing rapid infrastructure upgrades, making it a key residential and commercial hub. Improved connectivity through the Mumbai Trans Harbour Link (Atal Setu), along with the upcoming Navi Mumbai International Airport (NMIA), has significantly boosted the area’s appeal. The government’s Third Mumbai plan—Karnala-Sai-Chirner New Town—also places Panvel at the centre of a new wave of urban expansion.Adani Panvel is expected to further accelerate real estate activity in Navi Mumbai, driving prices upward and attracting more investment. Market experts say the project’s scale and backing by a major developer mark a turning point for the region.Dhiren Tharwani, Director of Tharwani Realty, stated that Navi Mumbai is evolving from an affordable housing zone into a premium and ultra-premium destination. Jignesh Visaria, Partner at The Platinum Group, added that Adani’s 1,000-acre land acquisition signals a broader shift towards large-scale integrated townships. Aksha Kamboj, Executive Chairperson of Aspect Global Ventures, echoed this sentiment, highlighting Navi Mumbai’s transformation into one of the city’s most promising real estate markets.

Next Story
Infrastructure Energy

Tata Power, Suzlon Ink Rs 60 Billion Wind Energy Deal in Andhra

Tata Power has signed an agreement with Suzlon Energy to develop, construct, and supply 700 megawatt (MW) wind turbines in Andhra Pradesh. The Rs 60 billion project forms part of a 7 gigawatt (GW) renewable energy plan announced by Tata Power Renewable Energy (TPREL) and the state government in March 2025.This marks the first wind energy project in the state since 2019. The larger 7 GW programme, covering solar, wind, and hybrid projects with or without storage, is expected to attract investments of around Rs 490 billion, making it one of the state’s largest clean energy commitments.The turb..

Next Story
Infrastructure Transport

Odisha Approves Rs 12.6 Billion For 32 New Bridges

Odisha is set for a major infrastructure boost with the approval of 32 new bridges under the Setu Bandhan Yojana for FY 2025–26. The project, valued at Rs 12.6 billion, is aimed at improving road connectivity across ten districts, enhancing mobility and driving local development.The bridges will be constructed in Bolangir, Subarnapur, Nayagarh, Sambalpur, Malkangiri, Bargarh, Koraput, Jagatsinghpur, Cuttack, and Puri. Many of these areas are rural or located in difficult terrains, where improved accessibility will greatly benefit the transportation of goods and public mobility.Setu Bandhan Y..

Next Story
Infrastructure Transport

UP Plans Rs 350 Billion Gorakhpur–Shamli Expressway

Uttar Pradesh is preparing to build its largest expressway, a 700-km six-lane project that will surpass the 570-km Ganga Expressway from Meerut to Prayagraj. Designed as a greenfield project, the Gorakhpur–Shamli Expressway will cut travel time between eastern and western Uttar Pradesh to just six hours, transforming regional connectivity.The expressway will pass through 22 districts and 37 tehsils, bringing faster travel and significant economic benefits, including higher land values for farmers and employment opportunities during and after construction. A drone survey to map the route is e..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?