Adani Group Plans ₹1 Lakh Crore Investment in Motilal Nagar Redevelopment in Mumbai
Adani Group to invest around ₹1 lakh crore for Motilal Nagar redevelopment, to get 17 lakh sq m for sale: MHADA
Hindustan Times
Image: Hindustan Times
Adani Group will invest approximately ₹1 lakh crore (around $12 billion USD) in redeveloping the Motilal Nagar cluster in Goregaon, Mumbai, covering 143 acres. The project aims to rehabilitate 5,000 tenements and create 17 lakh sq m for sale, marking a significant urban renewal effort in India.
- 01Adani Group's investment in Motilal Nagar redevelopment is estimated at ₹1 lakh crore.
- 02The project will cover 143 acres and include rehabilitation for 5,000 tenements.
- 0317 lakh sq m will be allocated to Adani for sale, with a total Floor Space Index of 28 lakh sq m.
- 04The rehabilitation component will account for 6.44 lakh sq m, while MHADA will receive 3.74 lakh sq m.
- 05Completion of the project may take up to 15 years, depending on market conditions.
Advertisement
In-Article Ad
The Adani Group plans to invest around ₹1 lakh crore (approximately $12 billion USD) in the redevelopment of the Motilal Nagar cluster located in Goregaon, Mumbai. This project, which spans 143 acres, is one of the largest urban renewal initiatives in India, following the Dharavi redevelopment project. The Maharashtra Housing and Area Development Authority (MHADA) will oversee the redevelopment under a cluster model, which includes a significant rehabilitation component for 5,000 original tenements. The total Floor Space Index (FSI) for the project is expected to be around 28 lakh sq m, with 17 lakh sq m designated for Adani's sale. MHADA will receive approximately 3.74 lakh sq m while 6.44 lakh sq m will be allocated for tenant rehabilitation. The project aims to complete rehabilitation within seven years, although this timeline may be extended based on market conditions. MHADA also plans to open up 923 acres for redevelopment across Mumbai, indicating a broader effort to generate housing stock in the city.
Advertisement
In-Article Ad
This redevelopment will provide new housing opportunities and improve living conditions for residents in Goregaon, Mumbai. The project is expected to generate significant employment during construction and contribute to the local economy.
Advertisement
In-Article Ad
Reader Poll
Do you support large-scale redevelopment projects like Motilal Nagar?
Connecting to poll...
More about Adani Group
Adani Properties to Invest Over $10 Billion in Mumbai's Motilal Nagar Redevelopment
The Economic Times • Apr 17, 2026
Gautam Adani Becomes Asia's Richest Person, Surpassing Mukesh Ambani
Hindustan Times • Apr 17, 2026
Gautam Adani Surpasses Mukesh Ambani as Asia's Wealthiest Individual
Ndtv • Apr 17, 2026
Read the original article
Visit the source for the complete story.