Adani Group set to redevelop 143-acre Motilal Nagar in Mumbai’s Goregaon

The Adani Group real estate development arm Adani Properties is set to undertake redevelopment of over 143-acre Motilal Nagar in Mumbai's Goregaon (West) along with the state’s housing body the Maharashtra Housing and Area Development Authority (MHADA), said persons with direct knowledge of the development.

MHADA will maintain full control over the project, including land ownership, while the selected Construction and Development Agency (C&DA), Adani Properties, will handle design, approvals, construction, infrastructure development, and rehabilitation.

The redevelopment will involve rehabilitating over 3,372 MHADA residential units, 328 commercial units, and 1,600 slum tenements, with a rehabilitation period of seven years from the project's commencement.


“Adani Properties has secured the project by agreeing to provide 3.97 lakh square meters of built-up area to MHADA, surpassing the second highest offer of 2.6 lakh square meters. The Maharashtra government has accorded this a “Special Project” status. The total estimated redevelopment cost is around Rs 36,000 crore,” said one of the persons mentioned above.

Motilal Nagar I, II & III, is one of Mumbai’s biggest housing redevelopment projects. As per tender conditions, C&DA was expected to provide housing stock of 3.83 lakh sq meter.

The private developer cannot mortgage the land, raise finance on it, or sell/transfer rights without MHADA’s permission. This protects MHADA residents, slum dwellers and prevents misuse of redevelopment right

The housing density in the redevelopment area is 106 units per hectare, much lower than the DCPR 2034 limit of 450 units per hectare. The compensation to the developer (C&DA) will be in the form of floor space index (FSI), allowing construction rights on the land.

Adani Group declined to comment for the story.

This project marks Adani Group's second major redevelopment project in the country’s financial capital, following the Dharavi project spread over nearly 600 acres in the heart of the city.

Adani Group holds an 80% stake in now Navbharat Mega Developers Pvt Ltd (NMDPL), the company that is undertaking redevelopment of Dharavi, while the remaining 20% is owned by the state government.