August 21, 2025:
Adani Realty has revived plans to develop a 20-acre parcel of land in Borivali (East), Mumbai, which once housed the Khatau Mill, following a recent Supreme Court ruling that eased environmental clearance procedures for real estate projects.
The developer had acquired the site, located close to the Sanjay Gandhi National Park, several years ago to build a greenfield residential township. Planning and design commenced around two years ago, but progress stalled after a 2024 National Green Tribunal (NGT) order mandated central government approval for large projects within a 5-km radius of eco-sensitive zones.
In August, the Supreme Court overturned the NGT directive, allowing state authorities to resume environmental assessments. The judgment came in response to a writ petition by CREDAI-MCHI, supported by CREDAI National and Godrej Properties.
“Adani’s Borivali project, situated near a national park, faced regulatory uncertainty. With clarity restored, the developer is preparing to seek approvals,” said a person familiar with the matter. The scheme is expected to feature three- and four-bedroom apartments priced between Rs 3.5 crore and Rs 5 crore, to be launched in phases once permissions are secured.
This is among several projects stalled by the legal tussle. Adani Realty, already a joint venture partner in Monte South, a luxury development on Byculla’s Khatau Mill compound, has been steadily expanding its footprint in Mumbai, India’s most lucrative housing market.
In July, it signed an agreement with the Maharashtra Housing and Area Development Authority (MHADA) for the Rs 36,000-crore redevelopment of Motilal Nagar in Goregaon (West), the country’s largest such scheme. The company is also preparing to launch a premium residential project at Bandra Reclamation and is a lead partner in the ambitious Dharavi redevelopment.
Adani Realty entered the property sector in 2010 with its 600-acre Shantigram township in Ahmedabad.
Source: Mint
