₹10,000 crore Adani Panvel township near Navi Mumbai International Airport
Adani Realty Plans ₹10,000 Crore Township in Panvel
Adani Realty announced plans for a sprawling township in Navi Mumbai, inspired by Shantigram — its flagship township in Ahmedabad launched in 2010. The project will span over 1,000 acres and is estimated to involve an investment of ₹10,000 crore, making it the company's largest residential development to date.
Although the official launch is expected after the inauguration of the Navi Mumbai International Airport, groundwork is already underway. The sales office is ready, and the company is deliberating on what kinds of products — apartments or plots — should be first launched. The project launch will happen only after the airport inauguration.
Scale and Design Vision
The township, spanning over 1,000 acres, is expected to surpass previous ventures like the 600-acre Shantigram in Ahmedabad. The estimated investment will be double that of Shantigram, at over ₹10,000 crore. The mega township project, currently being referred to as Adani Panvel, will be developed over the next decade in multiple phases.
Specialising in large-scale, residential-led projects, Adani Realty sees the Navi Mumbai township as a significant evolution from Shantigram.
Strategic Location and Airport Connectivity
The airport site was located near Panvel, about 35 km from the existing airport. The airport itself is being developed by Navi Mumbai International Airport Ltd, a joint venture between Adani Airport Holdings Ltd and Cidco, with Adani holding a 74 per cent stake.
The airport was inaugurated on 8 October 2025 by prime minister Narendra Modi, with commercial operations commencing on 25 December 2025. This timing positions the township to capitalise on the airport's operational phase.
Adani Realty's Track Record
According to a Mint report in April 2024, Adani Realty's portfolio has crossed 200 million square feet, with 130 million square feet earmarked for future development. The company is also making its mark in Mumbai's high-stakes redevelopment market. It recently became the top bidder, alongside MHADA, for the ₹36,000 crore Motilal Nagar redevelopment in Goregaon.
In another major acquisition, an Adani subsidiary purchased a prime 1.1-acre plot on South Mumbai's Carmichael Road for over ₹170 crore.
Market Transformation in Panvel and Navi Mumbai
Navi Mumbai's property market is experiencing a transformation, fuelled by massive infrastructure developments. The recently completed 22-km Mumbai Trans Harbour Link—connecting Mumbai and Navi Mumbai—is expected to boost property values throughout the region.
There is growing demand for premium housing in the area. The demand is largely from residents of Navi Mumbai who want to upgrade to better homes, and projects by branded developers. The city's centre of gravity is set to shift with the opening of the new airport. The Navi Mumbai airport will be impactful the day it starts.
Competing Developments
K Raheja Corp Homes is gearing up to launch a five-tower residential project in Juinagar, while Godrej Properties recently acquired three land parcels totaling 6.5 acres. According to JLL India, Navi Mumbai saw 24 land deals covering 368 acres between January 2023 and March 2025, with major developers actively expanding their presence in the region.