The Adani Group is planning and executing more than 600 million sq ft of property development, with major projects across Mumbai and Navi Mumbai forming a key part of its long-term real estate strategy, Adani Enterprises Executive Director Pranav Adani said at the Real Estate & Infrastructure Investors Summit 2026 in Mumbai.
The planned development pipeline is more than seven times the 80 million sq ft of residential and commercial projects that DLF, India’s largest listed developer, has under development or planned for launch. Adani said the group is also evaluating another 150 million sq ft of development around airports and city-side infrastructure over the next 15-20 years.
“Scale matters — but only when it improves the way people live, work and move,” he added.
A significant portion of the group’s strategy is focused on Mumbai and Navi Mumbai. Around 440 acres near the two airports are planned as integrated districts combining business, hospitality, retail, entertainment and public spaces.
Mumbai International Airport Ltd (MIAL), majority-owned by the Adani Group, operates Chhatrapati Shivaji Maharaj International Airport, while the group also operates Navi Mumbai International Airport.
According to Pranav Adani, around 70% of the first-phase Airport City investment of more than Rs 20,000 crore is concentrated in Mumbai and Navi Mumbai.
“These are not merely developments at the edge of airports — I see them as the new economic gateways for Mumbai 3.0,” he said.
The group’s Mumbai real estate strategy also extends to large-scale urban redevelopment. Adani is involved in the 621-acre Dharavi redevelopment project, which Pranav Adani said would affect more than one million people.
He described the challenge as “deeply human”, stressing the need to protect existing livelihoods and community networks while improving housing and infrastructure.
“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,” he said.
The group aims to provide eligible residents with secure homes, improved infrastructure and better public spaces while preserving the area’s economic and social networks.
Adani also highlighted the 142-acre Motilal Nagar redevelopment project in Goregaon, which involves around 3,700 existing tenements. The proposed development aims to create a mixed-use, walkable neighbourhood built around the concept of a “15-minute” community, where essential services and daily needs are closer to residents.
The scale of Adani Group’s development pipeline signals an expanding role in Mumbai’s real estate market, spanning airport-led development, large-scale redevelopment and integrated urban districts. With infrastructure reshaping the Mumbai Metropolitan Region, the group is positioning these projects as part of the city’s next phase of growth.
Source: Financial Express
