Adani Properties Pvt. Ltd. has emerged as the highest bidder for two of MHADA’s major cluster redevelopment projects in Mumbai — Adarsh Nagar in Worli and Bandra Reclamation. The financial bids were opened by the Mumbai Housing and Area Development Board (MHB), a constituent board of the Maharashtra Housing and Area Development Authority (MHADA), for three large-scale redevelopment projects covering more than 206 acres across the city.
According to MHADA, Adani Properties secured the highest financial bid for the 34.33-acre Adarsh Nagar cluster in Worli and the 98.27-acre Bandra Reclamation cluster. For the 73.89-acre S.V.P. Nagar redevelopment project in Andheri (West), the highest bid was submitted by a consortium comprising Hanura Realty Pvt. Ltd., Chandak Realtors Pvt. Ltd., Premsagar Infra Realty Pvt. Ltd., and Vantier Realty Pvt. Ltd. Hanura Realty is a subsidiary of JSW Steel Ltd.
The bids will now be placed before the High-Powered Committee constituted for these projects. Following the committee’s approval, the proposals will be forwarded to the Maharashtra government for final approval before the appointment of Construction and Development Agencies (C&DAs) is formalised.
MHADA had invited bids for the three projects on April 8, 2026, with the submission deadline set for May 18. After technical evaluation, the financial bids were opened on May 27.
The three projects are among the largest redevelopment initiatives currently being undertaken by MHADA in Mumbai. Together, they cover nearly 206.5 acres of land in some of the city’s most valuable urban locations. MHADA has stated that eligible residents will receive transit rent during construction and a corpus fund for maintenance after rehabilitation.
Adani’s Growing Presence in Mumbai Redevelopment
The Worli and Bandra Reclamation projects add to a series of large redevelopment assignments secured by Adani Group entities in Mumbai over the past few years.
One of the most significant projects is the redevelopment of Motilal Nagar in Goregaon (West), where Adani Properties emerged as the highest bidder in March 2025. Spread across approximately 143 acres, Motilal Nagar is MHADA’s largest redevelopment project and is estimated to involve investments of around ₹36,000 crore. The project covers Motilal Nagar 1, 2 and 3 and includes rehabilitation of existing residents, commercial occupants and slum tenements.
In July 2025, MHADA signed a formal agreement with Adani Properties for the execution of the Motilal Nagar redevelopment project. MHADA has said the project will add nearly 4 lakh square metres of constructed area to its housing stock while rehabilitating thousands of residents.
In April 2026, MHADA released the master plan for Motilal Nagar, describing it as India’s largest urban redevelopment project. The redevelopment spans around 143 acres and is expected to involve total investments of up to ₹1 lakh crore over multiple phases. Adani Realty is the appointed Construction and Development Agency for the project.
Apart from Motilal Nagar, Adani Group is also executing the Dharavi Redevelopment Project, one of Mumbai’s largest urban renewal initiatives. The group secured the redevelopment contract after emerging as the successful bidder in the government-led tender process.
With Adarsh Nagar (Worli) and Bandra Reclamation now added to the list of projects where Adani Properties has emerged as the highest bidder, the company is associated with multiple large-scale redevelopment and urban renewal projects across Mumbai, including Dharavi and Motilal Nagar. The final award of the Worli and Bandra Reclamation projects will be subject to approvals from the High-Powered Committee and the state government.
For Bandra Reclamation, the project covers approximately 98.27 acres, making it one of the largest MHADA-led cluster redevelopment schemes currently under consideration. The project aims to rehabilitate eligible residents while upgrading infrastructure and public amenities through a comprehensive redevelopment model.
MHADA has stated that all three cluster redevelopment projects are intended to create planned neighbourhoods with modern infrastructure, improved civic amenities and sustainable urban development while ensuring rehabilitation benefits for eligible residents.
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