Synopsis : After Dharavi, the Adani Group secures India’s biggest redevelopment contract with the Motilal Nagar project in Goregaon, Mumbai, at an estimated cost of Rs 36,000 crore. The project will transform over 5.84 lakh sq. m., providing modern housing to thousands under MHADA’s transparent and socially committed approach.
In its third major Mumbai push, the Adani Group has clinched India’s largest redevelopment project with the ambitious Motilal Nagar rehabilitation in Goregaon (West), in partnership with the Maharashtra Housing and Area Development Authority (MHADA). The Rs 36,000 crore project will cover the redevelopment of Motilal Nagar 1, 2, and 3, ensuring the transformation of over 5.84 lakh square metres of land, benefiting 3,372 eligible residential units, 328 commercial units, and 1,600 slum tenements.
MHADA announced that the redevelopment will feature free rehabilitation for residents in ultra-modern 1,600 sq. ft. apartments, with a significant boost to MHADA’s housing stock through 397,100 lakh sq m of constructed area handed over by the developer. “The long-cherished dream of the residents of Motilal Nagar is now taking a concrete shape,” said Sanjeev Jaiswal, VP and CEO of MHADA, emphasising the project’s focus on transparency, quality, and social commitment.
For swift execution, Adani will rope in international firms, with Netherlands-based Mecanoo developing the master plan and London’s Buro Happold handling infrastructure planning. The redevelopment will incorporate sustainable design, including solar panels on residential buildings, aligning with Mumbai’s evolving urban landscape goals.
This landmark Motilal Nagar project adds to Adani’s expanding real estate footprint in Mumbai after Dharavi and Bandra Reclamation, reinforcing the group’s ambition to redefine urban housing in India’s financial capital.
Disclaimer : This article is for general informational purposes only and does not constitute investment or legal advice.
