Gautam Adani’s Company Bags Mumbai’s ₹36,000-Cr Motilal Nagar Redevelopment Project

Billionaire Gautam Adani has pulled off yet another massive real estate coup! Adani Properties has emerged as the highest bidder for the ₹36,000 crore Motilal Nagar redevelopment project in Mumbai’s Goregaon West, beating out L&T with a more lucrative offer. Spanning 143 acres, this ambitious redevelopment will transform a mix of slums and commercial spaces into a modern urban hub. MHADA, the state housing authority, retains full ownership of the land, ensuring that developers cannot mortgage or sell it. Adani Properties has committed to delivering 3.97 lakh square meters of housing stock and rehabilitating over 5,000 families and businesses. This is Adani’s second major Mumbai redevelopment after bagging the Dharavi transformation project, which aims to rehabilitate 10 lakh residents in Asia’s largest slum. With Mumbai’s skyline set for a major overhaul, is Adani’s real estate empire unstoppable?