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Adani Group plans over 600 million square feet property development

Adani Group plans over 600 million square feet property development
Adani Group eyes 600 mn sq ft property development · financialexpress.com

Adani Group says it is working on a very large amount of property development.

The total area is more than 600 million square feet.

It also plans more projects near airports over the next 15 to 20 years.

Many of these projects will be around Mumbai and Navi Mumbai.

They could include offices, hotels, shops, entertainment areas and public spaces.

Adani Group is also redeveloping Dharavi, which is home to more than a million people.

The group says it wants to protect people’s jobs and community connections while providing eligible residents with secure homes.

In Motilal Nagar, it plans to rebuild a neighborhood with homes, shops and everyday services nearby.

Key facts

Property development pipeline
More than 600 million square feet planned or under execution.
Additional airport-area development
About 150 million square feet projected over the next 15–20 years.
Mumbai airport districts
Nearly 440 acres around Mumbai and Navi Mumbai airports are planned as connected districts.
Airport City investment
The first phase exceeds ₹20,000 crore, with about 70% concentrated in Mumbai and Navi Mumbai.
Dharavi project
The redevelopment covers 621 acres and is expected to affect more than one million people.
Motilal Nagar project
The Goregaon redevelopment covers about 142 acres and approximately 3,700 existing tenements.
DLF comparison
DLF has 80 million square feet of residential and commercial property under development or planned for launch, according to the article.

Quotes

Pranav Adani

Executive director at Adani Enterprises

“As the one leading this massive urban regeneration project, I am deeply conscious that Dharavi is a vibrantly alive ecosystem, packed with homes, workshops, markets, faiths, friendships and many generations of memory.”
financialexpress.com
“These are not merely developments at the edge of airports — I see them as the new economic gateways for Mumbai 3.0.”
financialexpress.com

Sources

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