Adani Dharavi Redevelopment: Central Mumbai's Next Urban Landmark
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Adani Dharavi Redevelopment, executed under the corporate identity Navbharat Mega Developers, is among the largest urban renewal undertakings in India, centred on transforming Dharavi in the heart of Mumbai. The project traces back to November 2022, when Adani Properties emerged as the successful bidder for the redevelopment after a competitive tender process that had been attempted, and had stalled, multiple times since 2007. The executing entity was renamed from Dharavi Redevelopment Project Private Limited to Navbharat Mega Developers Private Limited in December 2024, a change undertaken to distinguish the Adani-backed developer from the Maharashtra government's own Dharavi Redevelopment Authority. The Adani Group holds an 80 percent equity stake in this special purpose vehicle, with the remaining 20 percent held by the state government through the Dharavi Redevelopment Project and Slum Rehabilitation Authority.
The scale of the undertaking is considerable: the redevelopment footprint spans roughly 620 acres, an area described as about three-quarters the size of New York's Central Park, situated between Mumbai's new financial district and its international airport. The plan envisions wide roads, residential and commercial precincts, schools, hospitals, gardens, and playgrounds replacing what has long been one of Asia's most densely populated settlements. Eligible resident families are to be rehabilitated with free housing as part of the scheme, alongside a separate market-facing component that will eventually be offered for sale.
In October 2025, Maharashtra Chief Minister Devendra Fadnavis presided over the approval of the Dharavi Redevelopment Master Plan, with the state emphasising that the redevelopment should preserve the locality's social and cultural character even as it modernises infrastructure. Deputy Chief Minister Eknath Shinde, in his capacity overseeing Mumbai's urban development, was also present at the plan's clearance, alongside DRP CEO SVR Srinivas. The master plan's approval marked a significant milestone after more than fifteen years of stalled redevelopment attempts by successive governments.
Adani Realty, the real estate arm of the Adani Group, brings an established Mumbai portfolio to this undertaking, including the under-construction Ten BKC in Bandra East and projects such as Western Heights in Andheri West and Monte South in Byculla. Group-wide, Adani Realty's footprint extends across Mumbai, Ahmedabad, Pune, and Gurugram, with tens of millions of square feet delivered and a substantial pipeline under development. This combination of execution scale and a government-backed mandate underpins the Dharavi undertaking.
As master planning advances and metro connectivity through the newly opened Dharavi station strengthens the locality's ties to Bandra Kurla Complex and the wider city, the Adani Dharavi Redevelopment project stands as a long-horizon address to watch in central Mumbai.
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Near Sion-Bandra Link Road, Central Mumbai · Mumbai
Dharavi occupies a rare position at the geographic centre of Mumbai, wedged between the Western and Central suburban railway corridors and directly abutting Bandra Kurla Complex, the city's financial district. The locality is served by the Sion-Bandra Link Road, and as area guides note, Bandra Kurla Complex is easily accessible via the Sion-Bandra Link Road, a corridor that also connects seamlessly to the Eastern and Western Express Highways. Mumbai's international airport lies only a few kilometres away, and the neighbourhood is flanked by established localities such as Sion, Bandra East, and Kurla.
This address places the Adani Dharavi Redevelopment site within walking distance of one of India's most concentrated business districts while retaining the everyday texture of central Mumbai. The recent arrival of Dharavi Metro Station on Aqua Line 3, inaugurated in May 2025, has added a direct rail link to Bandra, Kurla, and BKC. For an urban renewal effort of this scale, the combination of highway access, metro connectivity, and adjacency to Mumbai's commercial core is central to the project's long-term value.
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Dharavi Metro Station is part of Aqua Line 3, the Colaba-Bandra-Seepz corridor, inaugurated in May 2025, giving the locality a direct rail link to Bandra, BKC, and south Mumbai.
The Maharashtra government cleared the Dharavi Redevelopment Master Plan at a meeting chaired by the Chief Minister, formalising land use, rehabilitation, and infrastructure norms for the 620-acre site.
The state government cleared allocation of over 250 acres of salt pan land in Mulund, Kanjurmarg, and Bhandup to house project-affected residents, easing density pressure on the core redevelopment site.
The Sion-Bandra Link Road and the BKC-Eastern Express Highway connector together shorten travel times between Dharavi, Sion, and Bandra Kurla Complex, strengthening the locality's road network.
The broader rollout of the Mumbai Metro, including the Aqua Line through Dharavi and BKC, is progressively improving east-west and north-south connectivity across central Mumbai.
The redevelopment spans roughly 620 acres of central Mumbai land, one of the largest urban renewal footprints undertaken in an Indian metro, positioned to reshape a historically dense part of the city into planned residential and commercial precincts.
The site sits near the Sion-Bandra Link Road, directly linked to Bandra Kurla Complex and within a short drive of Mumbai's international airport, giving it a rare combination of centrality and connectivity for a redevelopment project of this size.
The project is executed through Navbharat Mega Developers, a special purpose vehicle in which the Adani Group holds an 80 percent stake alongside the Maharashtra government's Dharavi Redevelopment Project and Slum Rehabilitation Authority, aligning private execution with public oversight.
The Dharavi Redevelopment Master Plan received formal state government clearance at a meeting presided over by the Chief Minister, providing a settled planning framework for land use, rehabilitation, and infrastructure across the site.
The opening of Dharavi Metro Station on Aqua Line 3 in May 2025 gives the locality a direct rail connection to Bandra, Kurla, and BKC, adding a transit dimension that did not exist before the redevelopment began.
Adani Realty, the developer behind the project, already operates a Mumbai portfolio including Ten BKC in Bandra East and other residential developments, backed by a wider footprint of tens of millions of square feet delivered and under development across four states.
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