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Adani Group Partners with MHADA for Motilal Nagar Redevelopment Project Worth ₹36,000 crore

Written by: Team Angel OneUpdated on: 9 Jul 2025, 5:32 pm IST
Adani Group and MHADA sign ₹36,000 crore deal to redevelop Motilal Nagar in Mumbai, making it the largest housing redevelopment project in India.
Adani Group Partners with MHADA for Motilal Nagar Redevelopment Project Worth ₹36,000 crore
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MHADA has signed an agreement with the Adani Group to redevelop the Motilal Nagar 1, 2, and 3 colonies located in Goregaon (West), Mumbai. The Adani Group will serve as the Construction and Development (C&D) agency for the project. The signing took place at MHADA headquarters.

The redevelopment is estimated to cost around ₹36,000 crore. The Motilal Nagar area spans 142 acres and has been identified as a ‘special project’ by the Maharashtra government. It will be implemented through MHADA’s Mumbai Housing and Area Development Board.

Tenements and Rehabilitation Plan

The existing colonies house around 3,700 tenements. Residents will be moved into 1,600 sq. ft. apartments after redevelopment. Rehabilitation will cover an area of approximately 5.84 lakh sq. m. Commercial tenants will be allotted 987 sq. m. of space.

MHADA will receive 3.97 lakh sq. m. of constructed space from the developer. Construction of the rehabilitation units is expected to be completed within 7 years. The project is being executed through a C&D model following state approval.

Read more: Adani Enterprises to Raise ₹1,000 Crore Through NCDs!

Urban Planning and Design

The redevelopment follows the “15-minute city” model. It aims to provide access to offices, public transport, schools, hospitals, and other amenities within 15 minutes. A 5-acre central park is planned, with resident rehabilitation and excellent traffic and mobility planning as top priorities..

Consultants 

The master plan has been developed by Netherlands-based architecture firm Mecanoo. Infrastructure planning has been carried out by London-based consultancy Buro Happold. Both firms were appointed by the Adani Group.

MHADA floated tenders for the C&D role, and Adani Group was selected over L&T. L&T had proposed handing over 2.6 lakh sq. m. of constructed space compared to Adani’s 3.97 lakh sq. m.

Conclusion

This is Adani Group’s 2nd large-scale urban project in the city, following the Dharavi redevelopment, which involves the rehabilitation of nearly 72,000 tenants at an estimated cost of over ₹95,790 crore.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Jul 9, 2025, 12:02 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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