Archive · 25 Sep 2026
Adani Realty Plans Mumbai Premium and Luxury Housing Launches
Adani Realty plans to build several expensive homes in Mumbai.
One project in Goregaon West will have more than 1,000 apartments.
Most of those homes will have two or three bedrooms.
Another project in Bandra Reclamation will be much more luxurious and sold only to invited buyers.
It will offer large homes, very large customizable penthouses, and a branded club.
Both projects are still completing their approvals, although some work has started at the Bandra site.
Adani will also build replacement homes for current Motilal Nagar residents.
The company says it will develop some other land gradually, especially where better roads are needed first.
Adani Realty plans to launch premium and luxury housing projects in Mumbai this year.
The first 5-6 acres of its Goregaon West redevelopment will include 1,300-1,400 homes priced at ₹34,000-35,000 per sq. ft.
Its invitation-only Bandra Reclamation project will initially offer about 140 homes of roughly 5,000 sq. ft. at around ₹1.2 lakh per sq. ft.
The Bandra project will include customizable 10,000-20,000 sq. ft. penthouses and a branded club, with strong interest from domestic high-net-worth individuals.
Adani won the ₹36,000-crore, 142-acre Motilal Nagar redevelopment project and plans to begin rehabilitation construction this year.
- Who
- Adani Properties Limited, which operates under the Adani Realty brand, along with the Maharashtra Housing and Area Development Authority for the Motilal Nagar redevelopment.
- What
- The company plans Mumbai premium and luxury housing launches and will begin rehabilitation construction at Motilal Nagar.
- When
- The launches and rehabilitation construction are planned for this year; the Goregaon and Bandra projects are in the final approval stage.
- Where
- Goregaon West, Bandra Reclamation, and Motilal Nagar in Mumbai; Adani also holds land across Mumbai and Navi Mumbai, including Panvel.
- Why
- Mumbai has become a key market for Adani Realty, while reported demand for luxury housing is strong; the company also wants adequate road infrastructure before launching some projects.
- Goregaon project
- The initial launch will cover 5-6 acres and include 1,300-1,400 homes.
- Goregaon pricing
- Most two- and three-bedroom homes are expected to cost ₹34,000-35,000 per sq. ft.
- Bandra project
- The first phase will cover five acres and include about 140 homes of approximately 5,000 sq. ft.
- Bandra pricing
- Homes are expected to cost around ₹1.2 lakh per sq. ft.; penthouses may range from 10,000 to 20,000 sq. ft.
- Motilal Nagar redevelopment
- The project covers 142 acres and has a stated value of ₹36,000 crore.
- Company valuation
- Adani Properties' valuation reportedly rose by ₹38,000 crore to ₹90,400 crore in the 2026 Grohe-Hurun India Real Estate 150.
- Market view
- Anarock Group said luxury launches priced above ₹20-30 crore are performing strongly in Mumbai.
