In a major step towards reshaping Mumbai’s skyline, the Adani Group has secured the redevelopment rights for the Motilal Nagar 1, 2, and 3 colonies in Goregaon (West). This is Adani’s third large-scale project in the city, following the high-profile Dharavi redevelopment and the acquisition of 17 acres in the Bandra Reclamation area. The Motilal Nagar redevelopment is set to be one of Mumbai’s most ambitious real estate initiatives, with an estimated cost of ₹36,000 crore. The project is expected to bring significant changes to the city’s landscape, offering modern residential and commercial spaces, alongside state-of-the-art infrastructure.
Adani’s Third Mega Real Estate Project in Mumbai
This monumental redevelopment project has been formally awarded to the Adani Group by the Maharashtra Housing and Area Development Authority (MHADA) in a landmark agreement signed on July 7. The Motilal Nagar redevelopment spans across 142 acres in Goregaon, one of the most rapidly developing areas in Mumbai. This marks the third major project by the group, making it a key player in Mumbai’s real estate development.
Project Overview
- Project Location: Motilal Nagar 1, 2, and 3 colonies, Goregaon (West), Mumbai
- Project Cost: ₹36,000 Crore
- Area: 142 Acres
- Key Features:
- Redevelopment of 3,700 tenements
- Rehabilitation of 3,372 residential units
- 328 commercial units
- 1,600 slum rehabilitation units as per the 1971 Slum Act
- A five-acre central park
- Solar panels for residential buildings
- Excellent traffic and mobility planning
Significance of the Project
The Motilal Nagar redevelopment is considered one of the largest housing redevelopment initiatives in Mumbai. It’s the first project to be implemented through the construction and development model, an innovative approach that aims to provide better living conditions to residents while promoting transparency, quality, and social commitment.
MHADA’s Vision for Motilal Nagar
In a statement, Sanjeev Jaiswal, Vice President and CEO of MHADA, shared his excitement about the project:
“The long-cherished dream of the residents of Motilal Nagar is now taking a concrete shape. We aim to make this the finest redevelopment project in the country, ensuring transparency, quality, and social commitment through MHADA’s implementation.” He further added, “This dream of redevelopment will no longer remain on paper; it is becoming a reality.”
Key Features of the Project:
- Housing for Residents: The project will provide 3,372 residential units and rehabilitate 1,600 slum tenements. Residents will be offered ultra-modern apartments spanning 1,600 sq. ft.
- Commercial Space: The non-resident tenants will receive 987 sq. m. of commercial space.
- Green Features: The residential buildings will be equipped with solar panels, contributing to a more sustainable future.
- Traffic and Mobility: The planning of the project will incorporate excellent traffic and mobility strategies to ensure smooth commutes for residents.
Master Plan and Design
The master plan for the redevelopment has been developed by the international architecture firm Mecanoo, known for its excellence in large-scale urban development. The infrastructure planning was done by Buro Happold, a London-based consultancy specializing in infrastructure. These collaborations are expected to bring global expertise to the project, ensuring that it meets the highest standards.
Project Timeline and Completion
The redevelopment is expected to take place over a span of seven years, with the first phase focused on rehabilitating residents and providing them with modern, secure homes. The long-term plan includes residential, commercial, and public spaces designed for modern urban living.
Quick Facts:
| Feature | Details |
|---|---|
| Location | Goregaon (West), Mumbai |
| Project Cost | ₹36,000 Crore |
| Total Area | 142 Acres |
| Residential Units | 3,372 units |
| Commercial Units | 328 units |
| Slum Rehabilitation Units | 1,600 units |
| Central Park | 5 acres |
| Completion Time | 7 years |
FAQ Section
1. What is the Motilal Nagar redevelopment project?
The Motilal Nagar redevelopment project is an ambitious real estate initiative undertaken by Adani Group in collaboration with MHADA to redevelop three colonies in Goregaon, Mumbai, offering modern residential and commercial spaces.
2. How much will the Motilal Nagar project cost?
The total estimated cost of the project is ₹36,000 crore, making it one of the largest redevelopment projects in Mumbai.
3. How many people will benefit from the project?
The project will rehabilitate 3,372 residential units, 328 commercial units, and 1,600 slum tenements, benefitting thousands of residents.
4. What is the expected timeline for the completion of the project?
The redevelopment is expected to be completed over a period of seven years.
5. Who is involved in the planning and design of the project?
The master plan was developed by Mecanoo, an international architecture firm, and the infrastructure planning was done by Buro Happold, a London-based consultancy.