Adani entered the real estate industry in 2010, with Ahmedabad covering 600 acres, making the area the largest real estate development in the city ₹Invested 50 million. The town of Navi Mumbai, located in Panvel, will cover 1,000-1,100 acres and is conceived as a larger version of Shantigram, marking Adani’s grand plan for the Mumbai Metropolitan Region (MMR).
“Given the size and size of the town of Navi Mumbai, the estimated investment will be twice as high as Shantigram, ₹10,000 million. Currently, the project is called Adani Panvel, but the name and format are inspired by Shantigram,” the two people quoted above said in anonymous condition.
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The second person said: “The sales office is ready. The company is eager to make a sensation in the beginning and to consider which product, apartment or plot should be launched first. Project releases will only happen after the airport inauguration.”
In addition to mandatory approval before starting the project, some infrastructure work around the project site also needs to be completed. For example, a connecting road is being built, which will allow the project to provide additional exit routes from the highway.
Adani Group’s real estate game is about 15 years old. Until 2013, the real estate business was part of Adani Enterprises Ltd, the flagship company of Adani Group. It was then placed under Adani Properties, which is owned by the promoters and operated under the brand name Adani Realty.
A spokesperson for Adani Realty did not respond Mintquery.
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A year ago, Adani launched nine PBRs along Palm Beach Road in Navi Mumbai’s Nerul and features nine high-rise towers. Over the past five years, the brand has stepped up acquisitions and launches, which coincides with the housing boom and merger on the market. In addition to MMR, it now has real estate projects in Pune, Ahmedabad and Delhi National Capital Region (NCR). The total portfolio of its project is over 200 million square feet, Mint reported in April 2024, with 130 million square feet of ft dedicated to potential future developments. Since then, the company’s portfolio has expanded further.
In March, Adani Properties became the top bidder for Motilal Nagar in Goregaon, Mumbai suburb, and Maharashtra Housing and Regional Development Authority (MHADA), with an estimated cost of ₹360 million. In April, a subsidiary of the Adani Group acquired 1.1 acres of land on Prime Carmichael Road in South Mumbai ₹17 billion.
Although the company plans to mix housing, office and retail projects together, it specializes in large, often residential-led developments.
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The first person said: “The Navi Mumbai Town Project will be a larger and upgraded version of Adani’s Shantigram. Once you build yourself as a real estate brand, it can be priced at a premium over other projects.”
Builders make a straight line
The upcoming international airports, as well as infrastructure projects such as Mumbai’s cross-port connection, the 22-kilometer highway connecting Mumbai and Mumbai may bring much-needed improvements to the satellite city. The airport was developed by Navi Mumbai International Airport Ltd, a joint venture between Adani Airport Holdings Ltd and Cidco, with Adani holding a 74% stake.
Ankit Talreja, mayor of Navi Mumbai, of real estate consulting firm Anarock Group, said the region’s demand for premium housing is growing.
“The demand is mainly from residents of Navi Mumbai who want to upgrade to better housing and brand developers projects,” Taleha said.
Hiranandani Group Chairman Niranjan Hiranandani told Mint In a recent interview, the focus will shift with the planning of the new airport and a range of new projects.
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“The impact of Noida Airport may be slower, but Mumbai Airport will have an impact on the day it starts,” Hilanandani said.
List A developers from Mumbai have been buying Navi Mumbai land in recent years and launching it in the coming months. Among them is K Raheja Corp Homes, which plans to open a residential project in Juinagar, near its Mindspace Business Park and Godrej Properties Ltd, recently leased 6.5 acres of 6.5 acres in Kharghar for a 60-year lease for a 60-year lease for a 30-year continuation parcel. ₹7.17 billion. The developer plans to build premium housing there.
According to estimates by Indian property consulting firms, 24 land transactions occurred in Navi Mumbai between January 2023 and March 2025, and real estate developers acquired land from third-party sellers.
“Given the infrastructure development in the region, we expect a huge demand for residential projects. Despite the demand for land, prices are still more reasonable compared to MMR. The government has also positioned Navi Mumbai as ‘third Mumbai’, so there is a lot of momentum now, so there is a lot of momentum,” Shankar Arumugham said, “
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