Dharavi Redevelopment by Adani Realty, a New Address at the Heart of Mumbai
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Navbharat Mega Developers Private Limited, the Adani-backed company undertaking the redevelopment of Dharavi in Mumbai, is the executing body for the over 600-acre Dharavi Redevelopment Project. It is a Special Purpose Vehicle created by the Maharashtra Government, holding 20 percent, and the Adani Group, holding 80 percent, aiming to bring about a transformation in Dharavi that reflects its quintessential character. The undertaking is one of the largest urban renewal efforts attempted anywhere in India.
Currently, around 1 million people live in overcrowded shanties with poor sanitation close to Mumbai's international airport, and as part of the redevelopment, eligible residents will be provided with free flats of up to 350 square feet. The plan follows an in-situ rehabilitation model, relocating eligible residents within Dharavi so as not to disrupt their livelihoods, while a mixed-use masterplan brings residential homes, commercial spaces and industrial zones into the same city plan. The intent is a Dharavi that keeps its economic character while gaining planned infrastructure.
The structure proposed will contain approximately 58,532 residential units and 13,468 commercial and industrial units, with a view to retaining the existing economic activity whilst upgrading infrastructure. Adani must first build and hand over thousands of free apartments and infrastructure, including roads, sewerage, gas and electricity lines, schools and a hospital, before it can build residences and offices on the portion of land allocated for commercial sale. This sequencing places rehabilitation ahead of revenue at every stage of the project.
Adani Group's Adani Properties Private Limited was declared the preferred bidder for the project in November 2022 by the state authorities. Given that development will take up to 15 to 20 years, the project is best understood as a long-gestation urban transformation rather than a conventional single-phase launch. Its scale and central Mumbai address make it distinct from any other redevelopment currently underway in the city.
Adani Group also plans to provide 10 years of operations and maintenance support for rehabilitated housing units, an unusually long-term service commitment for a project of this kind. As the masterplan and phased approvals progress, further details on the free-sale residential offering will follow.
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Near Sion-Bandra Link Road, Central Mumbai · Mumbai
Dharavi sits at the geographic centre of Mumbai, bounded by Sion, Mahim, Kurla and Bandra, with the Mithi River running along its edge. The redevelopment is bound to provide a large supply of housing close to high-value micro markets like BKC, Mahim, Sion, and Lower Parel. The Dharavi redevelopment covers 225 msf, rehabilitates 1.25 lakh homes and unlocks 130 msf of free-sale real estate just 5 km from BKC. This puts the address within a short drive of Mumbai's principal financial district and the suburbs that surround it.
The redevelopment includes a multi-modal transport hub with three metro stations, bus depots and last-mile connectivity improvements that HSBC frames as key demand drivers for the commercial inventory coming up around it. Planned environmental works include cleaning the Mithi River, remediating the Deonar dumping ground, developing a six-kilometre mangrove creek and creating a Marine Drive-style promenade along the Mithi River. Together, these interventions are set to reposition Dharavi's immediate surroundings within Mumbai's broader urban fabric.
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The masterplan includes a multi-modal transport hub with three metro stations, bus depots and last-mile connectivity, positioned as a key demand driver for the surrounding district.
Planned works include cleaning the Mithi River, which runs along Dharavi, as part of a broader environmental upgrade to the surrounding urban fabric.
The redevelopment plan includes remediation of the Deonar dumping ground, addressing a long-standing environmental concern near the Dharavi notified area.
A six-kilometre mangrove creek and a Marine Drive-style promenade along the Mithi River are planned to improve open space and quality of life around the district.
Roads, sewerage, gas and electricity lines, schools and a hospital are being built as part of the rehabilitation obligation, ahead of any commercial development on the site.
The site sits close to Bandra Kurla Complex and the surrounding business districts, placing residents within short reach of the city's principal commercial and financial hub.
The project is delivered through Navbharat Mega Developers, a special purpose vehicle jointly held by the Adani Group and the Government of Maharashtra, combining private execution capacity with state oversight.
A planned multi-modal hub with three metro stations, bus depots and improved last-mile connectivity is designed to link the district directly into Mumbai's wider transport network.
Cleaning of the Mithi River, remediation of the Deonar dumping ground and a new mangrove creek and promenade are planned to reshape the immediate environment around the address.
The developer's Mumbai portfolio includes Ten BKC in Bandra East, Monte South in Byculla, The Views in Ghatkopar East and Western Heights in Andheri West, reflecting an active, multi-locality presence in the city.
Adani Group has committed to ten years of operations and maintenance support for rehabilitated housing units, an unusually long service window for a project of this scale.
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