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Adani Group to Invest Around ₹1 Lakh Crore for Motilal Nagar Redevelopment

  • by- Zaid
  • Apr 18, 2026
Adani Group will invest nearly ₹1 lakh crore in the redevelopment of the Motilal Nagar cluster in Goregaon, Mumbai, spread over 143 acres, Maharashtra Housing and Area Development Authority CEO Sanjeev Jaiswal said on April 17.
Adani Group to Invest Around ₹1 Lakh Crore for Motilal Nagar Redevelopment

Mumbai, April 18: This marks one of the country's largest urban renewal investments after the Dharavi redevelopment project.

FSI Distribution

The project is expected to generate a total Floor Space Index of around 28 lakh sq m, distributed as follows:

  • Adani Group share: 17 lakh sq m (for sale)

  • Rehabilitation of tenants: 6.44 lakh sq m

  • MHADA share: 3.74 lakh sq m

Investment Breakdown

  • Rehabilitation + MHADA share + amenities/infrastructure: ~₹36,000 crore

  • Total investment (including sale component over 10-15 years): ~₹1 lakh crore

Timeline

  • Rehabilitation target: 5,000 original tenements (residential, commercial, slum units) within 7 years (may be extended marginally)

Development Model

  • Developer: Adani Group (also executing Dharavi redevelopment project)

  • Model: Cluster redevelopment with MHADA overseeing development

  • Sale component: Mixed-use development (commercial, educational, hospitality, retail)

Current Market Rate

According to Adani Group sources, the current per sq ft rate is around ₹30,000 , with the residential segment offering the strongest monetisation opportunity.

MHADA's Overall Plan

Jaiswal said that in the coming year, 923 acres of cluster redevelopment projects will be tendered or approved across 11 projects, with total rehabilitation of 75,445 tenements over the next five to eight years.