Adani Properties has undertaken a large-scale urban redevelopment initiative in Mumbai, marking one of the biggest investments in city transformation projects in India.
The company will invest more than ₹1 lakh crore, or over $10 billion, to redevelop Motilal Nagar located in Goregaon (West), Mumbai. Spread across 143 acres, the project ranks as the second-largest urban renewal initiative in the country after the Dharavi redevelopment.
The redevelopment, overseen by Maharashtra Housing and Area Development Authority, covers Motilal Nagar phases 1, 2 and 3. The area, originally developed in the 1960s, has faced infrastructure stress, with redevelopment plans pending for nearly 2 decades.
The investment will be deployed over a period exceeding 10 years and will include construction of rehabilitation housing across 21 buildings, development of 30 amenities, provision for MHADA’s housing share, slum rehabilitation and a free-sale component.
MHADA will function as the Special Planning Authority, while the project will be executed under the Construction and Development Agency (C&DA) model, with Adani Properties as the development partner.
The project is designed to rehabilitate 3,702 eligible residential occupants, who will be allotted newly constructed units of around 1,600 square feet each, significantly larger than standard redevelopment provisions.
In addition, 328 commercial occupants will receive units of approximately 987 square feet. Around 1,600 slum residents will also be rehabilitated under Slum Rehabilitation Authority provisions, with unit sizes exceeding 300 square feet.
The total planned floor space index (FSI) for the project is about 2.88 million square metres. Of this, around 6 lakh square metres will be used for rehabilitation, approximately 4 lakh square metres will be handed over to MHADA, and nearly 1.89 million square metres will be allocated to Adani Properties as part of the development arrangement.
The master plan envisions a mixed-use township integrating residential, commercial and social infrastructure. About 15 acres have been earmarked for open and green spaces, along with facilities such as schools, healthcare centres, markets and community infrastructure.
Key infrastructure upgrades will include multi-level parking, sewage treatment systems, rainwater harvesting, solar energy integration and enhanced fire safety measures. The redevelopment also aims to resolve persistent waterlogging issues in the area through improved drainage systems, redesigned internal roads and upgraded water supply networks.
Calling it a landmark initiative, Sanjeev Jaiswal, vice president and CEO of MHADA, said the Motilal Nagar redevelopment is “one of the most important and historic projects” for the authority.
Read More: Adani Group Stocks Hit 52-Week Highs: What Is Driving The Rally?!
The project represents a major step in Mumbai’s urban renewal efforts, combining large-scale investment with infrastructure modernisation and improved housing, while addressing long-standing challenges in ageing residential clusters.
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Published on: Apr 20, 2026, 10:53 AM IST
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