Our Bureau
Mumbai
The Adani Group has secured the redevelopment project for Motilal Nagar in Mumbai, valued at ₹36,000 crore with the rehabilitation period of seven years from the project start/commencement date. This massive project spans 143 acres in Goregaon (West) and Motilal Nagar I, II, and III is one of Mumbai’s largest housing redevelopment initiative. The Maharashtra Housing and Area Development Authority (MHADA) will oversee the project, while Adani Properties Pvt Ltd (APPL) emerged as the highest bidder, surpassing competitors like L&T.
The construction and development agency (C&DA) were required to provide a housing stock of 3.83 million square meters in accordance with the tender requirements for the reconstruction of Motilal Nagar. By agreeing to give the MHADA 3.97 million square meters, the APPL won the offer. L&T, the other eligible bidder, provided a quote of 2.6 million square meters.
Last week, the Maharashtra Housing and Area Development Authority (MHADA) received approval from the Mumbai High Court to redevelop Motilal Nagar employing a construction and development agency (C&DA). The state government has designated it as a “special project,” and MHADA will continue to have authority over it while working through a C&DA.
The Motilal Nagar project aims to transform the area into modern apartments and rehabilitate thousands of residential and commercial units. The project will rehabilitate 3,372 residential units eligible under the MHADA, 328 eligible commercial units and 1,600 eligible slum tenements as per the 1971 Slum Act.
The Adani Group has not yet commented on this development.
This is the second major redevelopment project for the Adani Group in Mumbai, following their involvement in the Dharavi slum redevelopment, one of Asia’s largest slums. Adani Group owned 80% of Dharavi Redevelopment Project Pvt Ltd (/ Navbharat Mega Developers Pvt Ltd), with the state government owning the remaining portion.
