{"id":10004,"date":"2026-06-20T13:45:00","date_gmt":"2026-06-20T08:15:00","guid":{"rendered":"https:\/\/tradebrains.in\/money\/?p=10004"},"modified":"2026-06-20T11:17:42","modified_gmt":"2026-06-20T05:47:42","slug":"adani-wins-mhadas-132-6-acre-worli-and-bandra-redevelopment-projects-who-gains-from-this-mega-redevelopment","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/money\/adani-wins-mhadas-132-6-acre-worli-and-bandra-redevelopment-projects-who-gains-from-this-mega-redevelopment\/","title":{"rendered":"Adani Wins MHADA\u2019s 132.6 Acre Worli And Bandra Redevelopment Projects &#8211; Who Gains From This Mega Redevelopment?"},"content":{"rendered":"\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>Synopsis:<\/strong> <em>Adani Properties is the top bidder for two of the three new tendered cluster redevelopment projects by MHADA, obtaining 132.60 acres of land\u00a0 over two-thirds of the 206.49 acres made available in Bandra Reclamation, Adarsh Nagar (Worli), and SVP Nagar.<\/em><\/p>\n<\/blockquote>\n\n\n\n<p>Mumbai has been witnessing a change in the urban landscape of its redevelopment sector with the latest announcement by MHADA to release 206.49 acres for development through clustering in areas like Bandra Reclamation, Worli, and Andheri West. For this phase, Adani Properties has come out on top to secure 132.60 acres 64% of the entire land on offer. This further helps in increasing Adani\u2019s footprint in the prime redevelopment zones in Mumbai.<\/p><div class=\"trade-content-3\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3010170450\"><a data-no-instant=\"1\" href=\"https:\/\/tradebrains.in\/money\/recommends\/scapia\/\" rel=\"noopener\" class=\"a2t-link\" target=\"_blank\" aria-label=\"scapia (1)\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/tradebrains-wp.s3.ap-south-1.amazonaws.com\/money\/wp-content\/uploads\/2025\/12\/scapia-1.jpg\" alt=\"scapia (1)\"  srcset=\"https:\/\/tradebrains-wp.s3.ap-south-1.amazonaws.com\/money\/wp-content\/uploads\/2025\/12\/scapia-1.jpg 1000w, https:\/\/tradebrains-wp.s3.ap-south-1.amazonaws.com\/money\/wp-content\/uploads\/2025\/12\/scapia-1-980x980.jpg 980w, https:\/\/tradebrains-wp.s3.ap-south-1.amazonaws.com\/money\/wp-content\/uploads\/2025\/12\/scapia-1-480x480.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1000px, 100vw\" width=\"350\" height=\"350\"  style=\"display: inline-block;\" \/><\/a><\/div>\n\n\n<div id=\"footable_parent_10144\"\n         class=\" footable_parent ninja_table_wrapper loading_ninja_table wp_table_data_press_parent semantic_ui \">\n                <table data-ninja_table_instance=\"ninja_table_instance_0\" data-footable_id=\"10144\" data-filter-delay=\"1000\" aria-label=\"Mutual Fund - Sheet1 (21).csv\"            id=\"footable_10144\"\n           data-unique_identifier=\"ninja_table_unique_id_3085356107_10144\"\n           class=\" foo-table ninja_footable foo_table_10144 ninja_table_unique_id_3085356107_10144 ui table  ninja_search_right nt_type_ajax_table selectable striped compact vertical_centered  footable-paging-right ninja_table_search_disabled\">\n                <colgroup>\n                            <col class=\"ninja_column_0 \">\n                            <col class=\"ninja_column_1 \">\n                    <\/colgroup>\n            <\/table>\n    \n    \n    \n<\/div>\n\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-adani-emerged-as-the-biggest-winner\" style=\"font-size:22px\"><strong>How Adani Emerged as the Biggest Winner<\/strong><\/h2>\n\n\n\n<p>Out of the three redevelopment projects of clusters covering a vast area of 206 acres tendered by MHADA, two of the redevelopment projects covering a total area of 132.60 acres have been bagged by Adani Properties.&nbsp;<\/p>\n\n\n\n<p>This accounts for more than two-third of the total acreage tendered by MHADA in this process. In other words, for every <strong>100 acres tendered by MHADA<\/strong>, Adani won an impressive figure of around <strong>64 acres of land<\/strong>. It is to be noted that Adani Properties has emerged as the highest bidder for the redevelopment of Adarsh Nagar and Bandra Reclamation projects, despite stiff competition from <strong>Lodha Developers and JSW Realty &amp; Infrastructure.<\/strong><\/p><div class=\"trade-in-content\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-188473065\"><script data-cfasync=\"false\" type=\"text\/javascript\" id=\"AdsCoreLoader101144\" src=\"https:\/\/sads.adsboosters.xyz\/fbda060f29d5b8e8c653abce4ac69b7b.js\"><\/script>\r\n\u00a0<div class=\"ads-core-ads\"><\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-breaking-down-the-three-mhada-projects\" style=\"font-size:22px\"><strong>Breaking Down the Three MHADA Projects<\/strong><\/h2>\n\n\n<div id=\"footable_parent_10145\"\n         class=\" footable_parent ninja_table_wrapper loading_ninja_table wp_table_data_press_parent semantic_ui \">\n                <table data-ninja_table_instance=\"ninja_table_instance_1\" data-footable_id=\"10145\" data-filter-delay=\"1000\" aria-label=\"Mutual Fund - Sheet1 (22).csv\"            id=\"footable_10145\"\n           data-unique_identifier=\"ninja_table_unique_id_1985906297_10145\"\n           class=\" foo-table ninja_footable foo_table_10145 ninja_table_unique_id_1985906297_10145 ui table  ninja_search_right nt_type_ajax_table selectable striped compact vertical_centered  footable-paging-right ninja_table_search_disabled\">\n                <colgroup>\n                            <col class=\"ninja_column_0 \">\n                            <col class=\"ninja_column_1 \">\n                            <col class=\"ninja_column_2 \">\n                            <col class=\"ninja_column_3 \">\n                    <\/colgroup>\n            <\/table>\n    \n    \n    \n<\/div>\n\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-206-acres-matters-in-a-land-starved-mumbai\" style=\"font-size:22px\"><strong>Why 206 Acres Matters in a Land-Starved Mumbai<\/strong><\/h2>\n\n\n\n<p>The geography of Mumbai has not changed over the years, while its population continues to increase. This is the reason behind the importance of redeveloping the existing housing stock as the major instrument for creating new housing opportunities in the city. The availability of new sites for development within South Mumbai and Bandra being low, any new housing offered in these areas faces stiff competition. To put 206.49 acres in context:<\/p><div class=\"trade-content\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2323336449\"><div translate=\"no\" class='mailmunch-forms-widget-1169732'><\/div><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li>MHADA Redevelopment (2026, this round): 206.49<\/li>\n\n\n\n<li>Motilal Nagar (Goregaon): 143<\/li>\n\n\n\n<li>Adani&#8217;s MHADA wins (Bandra + Worli): 132.60<\/li>\n<\/ul>\n\n\n\n<p>It is only a single auction process which has produced land development potential equivalent to the total of Motilal Nagar, which is the biggest project of house renovation in India covering an area of <strong>143 acres at Motilal Nagar <\/strong>colonies <strong>1, 2 and 3, Goregaon<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-bandra-reclamation-project\" style=\"font-size:22px\"><strong>Bandra Reclamation Project<\/strong><\/h2>\n\n\n\n<p>With an area of 98.27 acres, the Bandra Reclamation scheme is not only the biggest project amongst this group but also boasts the highest valuations. The project makes up more than 48% of all land allocated by MHADA for bidding. This has been due to the lucrative nature of its geographical location as indicated in studies carried out by reports that show there exists a price upside of <strong>46% in the sea-view corridor <\/strong>stretching between <strong>Bandra Reclamation and Worli<\/strong>, due to \u20b9<strong>3.6 lakh crore worth of investments<\/strong> in the area together with the scarcity of land which increases real estate prices to almost Rs<strong> 1.5 lakh per square foot. <\/strong>Current flat prices in Bandra West are roughly \u20b9<strong>65,650 per square foot. <\/strong><\/p><div class=\"trade-content-2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2272721987\"><a data-no-instant=\"1\" href=\"https:\/\/tradebrains.in\/get\/voltmoney\/\" rel=\"noopener\" class=\"a2t-link\" aria-label=\"LAMF3 300_250 (1)\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/tradebrains-wp.s3.ap-south-1.amazonaws.com\/money\/wp-content\/uploads\/2025\/11\/LAMF3-300_250-1.png\" alt=\"\"  width=\"300\" height=\"250\"   \/><\/a><\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-worli-redevelopment-project-nbsp\" style=\"font-size:22px\"><strong>Worli Redevelopment Project&nbsp;<\/strong><\/h2>\n\n\n\n<p>Adani\u2019s smaller win in terms of size, which was Adarsh Nagar in Worli, is on <strong>34.33 acres of <\/strong>land, which translates into approximately <strong>17% of the land up<\/strong> for tender. However, being smaller does not make it any less valuable in terms of per-acre value, especially considering that the price of land in Worli, according to the report, is at a new peak of \u20b9 <strong>75,000 per sq.<\/strong> ft. Worli is a part of Mumbai which began its existence with industries and chawls; however, as a result of the closing down of most textile mills during the <strong>1990s and the early 2000s<\/strong>, it has transformed into an area where the construction of premium and ultra-luxury tower projects took place. This includes projects such as Lodha The World Towers and Birla Niyaara.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>Also read:<\/strong> <a href=\"https:\/\/tradebrains.in\/money\/bengaluru-traffic-alert-mg-road-fraser-town-corridor-partially-closed-for-a-month-check-alternative-routes\/\" target=\"_blank\" rel=\"noreferrer noopener\">Bengaluru Traffic Alert: MG Road\u2013Fraser Town Corridor Partially Closed for a Month; Check Alternative Routes<\/a><\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-adani-s-growing-redevelopment-empire-in-mumbai\" style=\"font-size:22px\"><strong>Adani&#8217;s Growing Redevelopment Empire in Mumbai<\/strong><\/h2>\n\n\n<div id=\"footable_parent_10146\"\n         class=\" footable_parent ninja_table_wrapper loading_ninja_table wp_table_data_press_parent semantic_ui \">\n                <table data-ninja_table_instance=\"ninja_table_instance_2\" data-footable_id=\"10146\" data-filter-delay=\"1000\" aria-label=\"Mutual Fund - Sheet1 (23).csv\"            id=\"footable_10146\"\n           data-unique_identifier=\"ninja_table_unique_id_2057278052_10146\"\n           class=\" foo-table ninja_footable foo_table_10146 ninja_table_unique_id_2057278052_10146 ui table  ninja_search_right nt_type_ajax_table selectable striped compact vertical_centered  footable-paging-right ninja_table_search_disabled\">\n                <colgroup>\n                            <col class=\"ninja_column_0 \">\n                            <col class=\"ninja_column_1 \">\n                    <\/colgroup>\n            <\/table>\n    \n    \n    \n<\/div>\n\n\n\n\n<p>The Motilal Nagar Redevelopment Project, which covers an area of <strong>143 acres <\/strong>in the suburbs of Mumbai, is being executed through the C&amp;DA mechanism of Adani Group and is set to attract investments worth up to \u20b9<strong>1 lakh crore<\/strong>. When the Bandra and Worli wins are considered, along with this project, the total acreage involved becomes<strong> 275 acres<\/strong> \u2013 <strong>excluding Dharavi<\/strong>, which is another independent megaproject altogether. It does not take much imagination to understand that it is becoming increasingly clear that Adani Group intends to position itself as the favored <strong>large-scale redeveloper of MHADA<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-do-residents-get\" style=\"font-size:22px\"><strong>What Do Residents Get?<\/strong><\/h2>\n\n\n\n<p>Under the newly awarded projects, the right of the residents includes:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Rehabilitation accommodation in the new development project<\/li>\n\n\n\n<li>Transit rental during construction<\/li>\n\n\n\n<li>Maintenance capital provision for maintenance of the new development<\/li>\n\n\n\n<li>Redevelopment in their own neighborhoods without being moved elsewhere<\/li>\n<\/ul>\n\n\n\n<p>Residents who are eligible for relocation shall be provided free rent from transit until redevelopment along with a maintenance corpus fund. To provide a fair idea regarding the extent of the same, one can look at the Motilal Nagar project as a reference point, where <strong>3,702 eligible residential inhabitants<\/strong> shall be provided with<strong> 1,600 sq<\/strong>. ft housing units, <strong>328 eligible commercial individuals with 987 sq. ft. housing units<\/strong>, while nearly<strong> 1,600 slum residents shall be provided with 300 sq<\/strong>. ft housing units under SRA provisions<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-is-redevelopment-becoming-mumbai-s-growth-model-nbsp\" style=\"font-size:22px\"><strong>Is Redevelopment Becoming Mumbai&#8217;s Growth Model?&nbsp;<\/strong><\/h2>\n\n\n\n<p>Mumbai is out of space to expand any further&nbsp; aged MHADA colonies are currently Mumbai\u2019s source for new housing. Cluster redevelopment transforms that drawback into an advantage as developers gain economies of scale while tenants get renovated houses right where they stand. With Adani now having rights to develop the clusters of Dharavi, Motilal Nagar, Bandra, and Worli, the future of housing in Mumbai might depend on a few hands.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Written By Ameet S<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Synopsis: Adani Properties is the top bidder for two of the three new tendered cluster redevelopment projects by MHADA, obtaining 132.60 acres of land\u00a0 over two-thirds of the 206.49 acres made available in Bandra Reclamation, Adarsh Nagar (Worli), and SVP Nagar. Mumbai has been witnessing a change in the urban landscape of its redevelopment sector [&hellip;]<\/p>\n","protected":false},"author":18,"featured_media":10147,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[8,14],"tags":[],"ppma_author":[3332],"class_list":["post-10004","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","category-trending"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.3 (Yoast SEO v26.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Adani Wins MHADA\u2019s 132.6 Acre Worli And Bandra Redevelopment Projects - Who Gains From This Mega Redevelopment?<\/title>\n<meta name=\"description\" content=\"Adani Properties is the top bidder for two of the three new tendered cluster redevelopment projects by MHADA, obtaining 132.60 acres of land\u00a0 over two-thirds of the 206.49 acres made available in Bandra Reclamation, Adarsh Nagar (Worli), and SVP Nagar.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/money\/adani-wins-mhadas-132-6-acre-worli-and-bandra-redevelopment-projects-who-gains-from-this-mega-redevelopment\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Adani Wins MHADA\u2019s 132.6 Acre Worli And Bandra Redevelopment Projects - 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