Adani Group Secures ₹36,000 Crore Motilal Nagar Redevelopment Project

After winning the Dharavi slum redevelopment project, the Adani Group has now secured another massive redevelopment project in Mumbai—Motilal Nagar. The project, worth ₹36,000 crore, is located in Goregaon (West) and covers 143 acres, making it one of the city’s largest housing redevelopment initiatives.

Adani Group Wins Against L&T

Adani Properties Pvt Ltd (APPL) emerged as the highest bidder for the project, offering to provide more built-up area than its closest competitor, Larsen & Toubro (L&T). The company agreed to hand over 3.97 lakh square meters of housing stock to the Maharashtra Housing and Area Development Authority (MHADA), compared to L&T’s offer of 2.6 lakh square meters. A Letter of Allotment (LoA) will be issued soon.

State Government’s Special Project

The Maharashtra government has declared Motilal Nagar a “special project,” with MHADA overseeing its redevelopment. However, since MHADA lacks the financial and technical capacity to manage such a large-scale project, it will work with a Construction and Development Agency (C&DA). The Bombay High Court recently approved this approach, stating that a coordinated redevelopment plan is better than separate projects undertaken by different housing societies.

Project Scope and Redevelopment Plan

The redevelopment will involve:

• Rehabilitating 3,372 residential units, 328 commercial units, and 1,600 slum tenements under the 1971 Slum Act.
• Constructing modern apartments to replace old, unsafe structures.
• Improving infrastructure to prevent issues like flooding and waterlogging.

The entire process, from planning to completion, is expected to take 7 years.

Restrictions on the Private Developer

Under the project’s tender conditions:

• MHADA will retain full control over the land.
• The private developer cannot mortgage the land, raise funds against it, or transfer rights without MHADA’s permission.
• The C&DA will be responsible for design, approvals, construction, and rehabilitation.

These rules ensure the protection of residents and prevent misuse of redevelopment rights.

Second Major Redevelopment for Adani in Mumbai

This is the second major redevelopment project awarded to the Adani Group in Mumbai, following the Dharavi project. In Dharavi, the group is transforming 620 acres into a modern urban hub. Eligible residents there will receive free flats up to 350 square feet as part of the $3 billion project.

With the Motilal Nagar project, the Adani Group aims to create a well-planned, integrated community, eliminating illegal construction and improving the quality of life for residents.

Conclusion

With this project, Adani Group strengthens its role in Mumbai’s urban transformation, aiming to replace old structures with modern housing and improved infrastructure.

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