Updates

Dharavi Redevelopment SPV Officially Renamed 'Adani Navbharat Developers' Effective July 16, 2026

The special purpose vehicle executing the Dharavi Redevelopment Project, previously Navbharat Mega Developers Private Limited, has been formally renamed Adani Navbharat Developers Private Limited effective July 16, 2026.

Adani Properties Jumps to 4th Rank in India Realty with 74% Valuation Surge; Adani Family Tops Hurun Rich List

The 2026 GROHE-Hurun India Real Estate 150 report ranked Adani Properties as India's fourth most valuable real estate company after a 72.5% valuation jump, while Gautam Adani and family topped the Real Estate Rich List for the first time.

Maharashtra CM Fadnavis Announces First 10,000 Dharavi Rehabilitation Homes to be Delivered Within 18 Months

Maharashtra CM Devendra Fadnavis told the state Assembly that the first 10,000 rehabilitation homes under the Adani-led Dharavi Redevelopment Project will be completed within 18 months, with a key-handover ceremony planned instead of a groundbreaking event.

Adani Atelier Greens Launches New Towers at Koregaon Park NX, Pune (MahaRERA P52100018596)

Adani Realty has launched Atelier Greens, a luxury residential project in Koregaon Park NX, Pune, offering 2, 2.5 and 3 BHK apartments across multiple towers. The project is MahaRERA registered (P52100018596) and is described on Adani Realty's official website as a ready-to-move development, with a new tower phase actively being promoted.

Adani Airport City Limited Unveils ₹20,000 Crore Integrated Airport City Programme Across 655 Acres and Six Airports

Adani Airport City Limited (AACL) formally launched an integrated airport city development programme spanning over 655 acres across six airports in five states, with a first-phase investment of over ₹20,000 crore. The initiative covers Mumbai, Navi Mumbai, Ahmedabad, Lucknow, Jaipur, and Guwahati, and includes hotel management agreements with IHG Hotels & Resorts for five properties, including the India debut of the Kimpton brand.

Jaiprakash Associates Formally Delisted from NSE and BSE on June 18, 2026, Completing Adani Group Takeover

Jaiprakash Associates Limited was officially delisted from both the BSE and NSE on June 18, 2026, marking the formal completion of Adani Enterprises' ₹14,535 crore resolution plan. The approximately 6.48 lakh existing shareholders received zero consideration as the equity was extinguished under the IBC framework.

HSBC Adani Annual Conference 2026 Report Details Dharavi Redevelopment Milestones: First Handover December 2026, 30,000 Units in FY27

An HSBC report summarising a panel at the Adani Annual Conference 2026 outlined fresh execution milestones for the Dharavi Redevelopment Project: the first building on Indian Railways land is targeted for handover in December 2026, with construction of approximately 30,000 housing units to commence in FY27. The report frames the 225 million sq ft project — structured as an 80:20 Adani-Maharashtra government PPP — as Asia's largest urban redevelopment.

AdaniConneX acquires Madhuvanti Build Estate for ₹765.25 crore

Adani Enterprises' joint venture AdaniConneX acquired 100% stake in Madhuvanti Build Estate Limited for ₹765.25 crore to develop infrastructure facilities and leverage land and development licenses.

Adani Airport City completes Portus Ventures acquisition for real estate and hospitality

Adani Airport City Limited, a step-down subsidiary of Adani Enterprises, completed acquisition of 100% equity in Portus Ventures Private Limited for ₹1.40 lakh to develop real estate and hospitality projects.

Residents of Bandra Reclamation and Adarsh Nagar Petition Bombay High Court Challenging MHADA Tenders Won by Adani Properties

Resident groups and housing societies from the Bandra Reclamation, Adarsh Nagar (Worli), and SVP Nagar areas filed a petition in the Bombay High Court challenging the MHADA tender process that resulted in Adani Properties being declared the highest bidder. A hearing was listed for June 9, 2026, introducing a litigation risk to the projects.

Adani Realty appoints Harinder Dhillon as Head of Sales & Marketing for Delhi-NCR

Adani Realty appointed Harinder Dhillon as Head of Sales & Marketing for Delhi-NCR region to drive growth in Gurugram and Noida markets.

Adani Properties wins bids for Adarsh Nagar and Bandra Reclamation MHADA projects

Adani Properties emerges as highest bidder for two major MHADA cluster redevelopment projects spanning 132.6 acres in Worli and Bandra Reclamation.

Adani-Emaar India Acquisition Talks Collapse Over Valuation Disagreement

Adani Realty has reportedly ended negotiations to acquire Emaar India after both parties failed to agree on a final valuation, with the deal previously discussed at approximately $1.4 billion in enterprise terms. The collapse of talks marks the end of what would have been one of Adani Realty's largest real estate acquisitions.

Bloomberg Billionaires Index Values Adani Realty at ~$1.5 Billion for the First Time

Bloomberg's Billionaires Index has valued Adani Realty at approximately $1.5 billion, marking the first time the privately held real estate arm of the Adani Group has been assigned a formal valuation by the index. The report highlights Adani Realty's rapid expansion strategy across Mumbai and other major Indian cities.

Adani Realty Elevates Ankur Modi to Associate Vice President

Adani Realty has promoted Ankur Modi, a four-year company veteran who previously served as General Manager, to the position of Associate Vice President, strengthening its Delhi-NCR development leadership. In his new role, Modi will oversee project execution, design coordination, and development planning across large-scale real estate projects.

Adani Group in Advanced Talks to Acquire Emaar India for ~₹13,000 Crore

Adani Group is reported to be in advanced talks to acquire up to 100% of Emaar Properties' Indian subsidiary, Emaar India, at an enterprise value of approximately ₹13,000 crore (USD 1.4–1.5 billion). Emaar India holds a large portfolio of residential and commercial projects across Delhi-NCR, Mohali, Lucknow, Indore, and Jaipur.

Adani Realty in Advanced Talks to Acquire Emaar India for ~₹13,000 Crore

Adani Realty is in advanced talks to acquire Emaar India — the Indian arm of Dubai-based Emaar Properties — in a deal estimated at approximately ₹13,000 crore (USD 1.4–1.5 billion). Emaar India has a portfolio of residential and commercial projects across Delhi-NCR, Mohali, Lucknow, Indore, and Jaipur. The deal, if concluded, would mark Adani Realty's largest single real estate acquisition.

Hindu Maharashtra Infrastructure Conclave Confirms Dharavi Experience Centre Before 15 August 2026; Project Cost ₹95,790 Crore with January 2032 Target

At the Hindu Maharashtra Infrastructure Conclave on 22 May 2026, SRA CEO Dr. Mahendra P. Kalyankar confirmed that the Dharavi Experience Centre will be established before 15 August 2026. The total project cost was confirmed at ₹95,790 crore with a January 2032 completion target.

Adani Group Sells JAL Cement Assets to Dalmia Bharat for Over ₹2,850 Crore

Following its acquisition of Jaiprakash Associates (JAL), Adani Group agreed to sell JAL's cement assets — comprising 5.2 MTPA cement capacity and 3.3 MTPA clinker capacity — to Dalmia Bharat for more than ₹2,850 crore, as the group moves to carve up and integrate the JAL portfolio.

Adani Group Sells JAL Cement Assets to Dalmia Bharat for ₹2,850 Crore Post-Jaypee Acquisition

Following its NCLT-approved acquisition of Jaiprakash Associates Ltd (JAL), the Adani Group executed a Business Transfer Agreement to sell JAL's cement assets — comprising 5.2 MTPA cement capacity across plants in Madhya Pradesh and Uttar Pradesh — to Dalmia Bharat for ₹2,850 crore on May 21, 2026. This signals Adani's strategy to retain and develop the real estate and power assets from the JAL portfolio while divesting the cement business.

NCLAT Dismisses Vedanta's Challenge, Upholds Adani's ₹14,535 Crore JAL Bid

The National Company Law Appellate Tribunal (NCLAT) dismissed Vedanta's challenge to Adani Enterprises' resolution plan for Jaiprakash Associates Ltd on May 4, 2026, clearing the last major legal hurdle for Adani to formally absorb JAL's sprawling real estate, cement, power, and hospitality assets. Adani Group also filed a caveat with the Supreme Court anticipating a further appeal by Vedanta.

Adani The Marq, Sector 102A Gurgaon Receives HARERA Registration GGM/1042/774/2026/14

Adani The Marq, a luxury high-rise residential project in Sector 102A on Dwarka Expressway, Gurgaon, has received its HARERA registration number GGM/1042/774/2026/14. The project comprises two G+46 towers reaching 158.88 metres, offering 3 BHK and 4 BHK residences designed by architecture firm Morphogenesis.

Adani bids for SVP Nagar MHADA redevelopment project in Andheri West

Adani submitted a bid for the SVP Nagar redevelopment project in Andheri West alongside Reliance 4IR Realty and Hanware Realty in May 2026.

Adani Enterprises forms three airport city subsidiaries for real estate and hotel projects

Adani Airport City Limited incorporated three wholly-owned subsidiaries—Adani Navi Mumbai Airport City, Adani Guwahati Airport City, and Adani Ahmedabad Airport City—for real estate and hospitality development.

Motilal Nagar redevelopment project to require ₹1 lakh crore investment

MHADA releases master plan for ₹1 lakh crore Motilal Nagar redevelopment project across 143 acres in Goregaon, with Adani Realty as the successful bidder.

Adani Group plans $11B North Mumbai housing & office project in Goregaon

The Adani Group revealed plans for an $11 billion investment in a 143-acre mixed-use project in Goregaon, North Mumbai, featuring residential homes, affordable housing units, and public infrastructure.

NCLT Approves Adani Enterprises' ₹14,535 Crore Resolution Plan for Jaiprakash Associates; NCLAT Upholds Decision

The National Company Law Tribunal (NCLT) formally approved Adani Enterprises' ₹14,535 crore resolution plan for bankrupt Jaiprakash Associates Ltd (JAL) in March 2026, granting Adani control of ~3,985 acres of NCR real estate, cement plants, power assets, and hospitality properties. The National Company Law Appellate Tribunal (NCLAT) subsequently dismissed Vedanta's challenge on May 4, 2026, clearing the final major legal hurdle.

NCLT Approves Adani Enterprises' ₹14,535 Crore Resolution Plan for Jaiprakash Associates

The National Company Law Tribunal (NCLT) formally approved Adani Enterprises' ₹14,535 crore resolution plan for the bankrupt Jaiprakash Associates Ltd (JAL) on March 17–19, 2026, clearing the legal path for Adani to take control of JAL's real estate, power, cement, and hospitality assets. JAL's real estate holdings include Jaypee Greens in Greater Noida, Wishtown in Noida, and Jaypee International Sports City near the upcoming Jewar airport.

Adani The Marq Formally Launched on Dwarka Expressway, Sector 102A, Gurgaon with Morphogenesis as Architect

Adani Realty officially launched The Marq, a low-density ultra-luxury residential project in Sector 102A, Gurgaon, designed by award-winning architectural firm Morphogenesis. The project comprises two G+46 towers spread across approximately 5 acres, housing 350 exclusive 3 BHK and 4 BHK homes, with HARERA registration GGM/1042/774/2026/14.

Karan Adani Publicly Expresses Intent to Revive Formula 1 Indian Grand Prix at Buddh International Circuit, Now Under Adani Ownership

Karan Adani, Director at Adani Group, publicly stated that the Buddh International Circuit is part of the Jaiprakash Associates acquisition and expressed personal interest in reviving Formula 1 racing in India. The circuit, India's only F1 track, now falls under Adani Group's ownership following the June 2026 delisting of JAL.

Adani Realty continues Linkbay Residences momentum with Phase II tower launch in Andheri West

Adani Linkbay Residences in Andheri West completed 72 residential transactions worth ₹342 crore by February 2026, with property appreciation of 6.07% in Q4 2025.

Adani Realty to launch 1.5 million sq ft commercial space in 6 months

Adani Realty plans to launch nearly 1.5 million sq ft of commercial space with revenue potential of ₹3,000 crore over the next six months across three projects.

Adani Realty Announces 27-Acre Premium Township at Khatau Mill Site, Borivali East, Mumbai

Adani Realty is developing a large-scale premium residential township spread across 27 acres at the historic Khatau Mill location in Borivali East, Mumbai, adjacent to Sanjay Gandhi National Park. The project offers 2 BHK and 3 BHK apartments and is positioned as a RERA-compliant gated community, with the RERA registration described as 'coming soon'.

AdaniConneX acquires Giridhari Build Estate Limited for ₹366.65 crore

AdaniConneX successfully acquired 100% stake in Giridhari Build Estate Limited for ₹366.65 crores, providing development-ready land assets and key infrastructure licenses.

Adani Realty in advanced talks to acquire Ozone Group

Adani Realty is in advanced talks to acquire Bengaluru-based Ozone Group at an enterprise value of around $1 billion, assuming its debt of over ₹60 billion.

Adani acquires Jaiprakash Associates for ₹14,535 crore

Adani Enterprises and subsidiaries approved to acquire 100% of Jaiprakash Associates Limited (JAL) through insolvency process for ₹14,535 crore, including 4,000+ acres of land, cement plants, power assets, and hospitality properties.

Adani Realty and Marathon Nextgen JV for ₹3,400 crore Monte South Commercial in Byculla

Adani Realty and Marathon Nextgen Realty announced a joint venture for Monte South Commercial, a landmark office and retail project in Byculla valued at ₹3,400 crore with 1.2 million sq ft development.

Adani Group pursuing acquisition of 88 Sahara properties including Aamby Valley

Adani Properties filed petition with Supreme Court to acquire 88+ Sahara Group properties valued at thousands of crores, pending judicial approval. Portfolio includes Aamby Valley township, Sahara Star hotel, and other premium assets across India.

Adani Realty inaug. 'The Imperial' exclusive business chamber in Ahmedabad

Adani Realty launched 'The Imperial,' an exclusive business chamber at Belvedere Golf & Country Club in Shantigram, Ahmedabad, offering invitation-only 10-year memberships with premium networking and luxury amenities.

₹10,000 crore Adani Panvel township near Navi Mumbai International Airport

Adani Realty announced plans for a ₹10,000 crore integrated township spanning 1,000+ acres near the upcoming Navi Mumbai International Airport in Panvel, marking its largest residential development.

Adani Realty annual revenue ₹22,700 crore for FY2024-25

Adani Realty reported annual revenue of ₹22,700 crore as of March 31, 2025, reflecting the company's strong financial performance and market position.