The Adani Group is set to invest around ₹1 trillion in the large scale Motilal Nagar redevelopment project in Goregaon West, significantly expanding its footprint in Mumbai’s real estate and urban infrastructure space.
The project will be executed by Estatevue Developers Pvt Ltd, a subsidiary of the Adani Group, and is expected to be one of the most ambitious housing redevelopments in the country.
As part of the development plan, Adani will receive a free-sale component of approximately 1.7 million square metres, which can be monetised in the open market at prevailing real estate prices. This component is likely to drive long-term revenue generation for the group.
A substantial portion of the investment around ₹36,000 crore will be directed towards the rehabilitation of existing residents, covering nearly 1.05 million square metres. The rehabilitated housing units will be handed over to the Maharashtra Housing and Area Development Authority (MHADA), which oversees affordable housing initiatives in the state.
The redevelopment of Motilal Nagar is expected to transform one of Mumbai’s key residential zones, improving living standards while optimizing land use in a densely populated area. Large-scale redevelopment projects like this are critical to addressing Mumbai’s housing shortage and modernizing aging infrastructure.
This investment also underlines Adani Group’s increasing focus on real estate led urban transformation, alongside its core businesses in infrastructure, energy, and logistics. With strong demand for housing in Mumbai, especially in suburban hubs like Goregaon, the project is poised to become a landmark development in India’s real estate sector.
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