Adani Realty is gearing up to launch its largest real estate development yet—a sprawling ₹10,000 crore township adjacent to the upcoming Navi Mumbai International Airport. Encompassing over 1,000 acres in Panvel, the project, currently referred to as Adani Panvel, will be nearly double the size of the group’s ongoing 600-acre Dharavi redevelopment in Mumbai. This ambitious initiative marks a significant evolution for the Adani Group’s real estate division, aiming to transform Navi Mumbai’s urban landscape over a decade-long phased rollout.
Inspired by its successful Shantigram township in Ahmedabad, which launched in 2010, Adani Panvel is set to become a next-generation version of the flagship model. According to sources cited by Mint, the investment in this project is expected to surpass ₹10,000 crore—double the outlay for Shantigram—making it one of the largest township investments in India. Though the formal launch is slated for after the inauguration of the Navi Mumbai Airport, groundwork is already in progress, with a sales office ready and product mix strategies under evaluation.
Strategic Rollout and Expansion of Adani Realty’s Real Estate Portfolio
Adani Realty is currently in the process of securing regulatory clearances and building supporting infrastructure, including a new access road linking the township to a nearby expressway. These efforts are part of a broader strategy to ensure the township is fully integrated with the city’s growing connectivity network. Once operational, the project is expected to attract substantial demand, particularly in the premium housing segment.
Over the past 15 years, Adani Realty has rapidly expanded its presence in India’s real estate sector. Initially launched as a division of Adani Enterprises, the realty arm now operates under Adani Properties and has developed a robust portfolio exceeding 200 million square feet—of which 130 million square feet is reserved for future developments. The company is also making waves in Mumbai’s high-profile redevelopment market. It recently emerged as the top bidder for the ₹36,000 crore Motilal Nagar project in Goregaon and purchased a prime plot on South Mumbai’s Carmichael Road for over ₹170 crore.
Projects like 9 PBR in Navi Mumbai’s Nerul and these high-stakes deals demonstrate Adani’s strategic focus on residential-led mega-developments. With brand equity on its side, Adani Realty is expected to command a pricing premium, especially in high-demand locations like Navi Mumbai.
Navi Mumbai Emerges as the New Hotspot for Real Estate Growth
Navi Mumbai’s real estate market is currently experiencing a surge, thanks to landmark infrastructure projects like the Navi Mumbai International Airport and the Mumbai Trans Harbour Link (MTHL). These developments are significantly enhancing the area’s connectivity and boosting its appeal to both homebuyers and developers. 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% stake.
Industry experts see Navi Mumbai as a future real estate powerhouse. “There is growing demand for premium housing, especially from existing Navi Mumbai residents seeking an upgrade,” said Ankit Talreja of Anarock Group. Niranjan Hiranandani, chairman of the Hiranandani Group, emphasized the airport’s transformative impact, calling it a game-changer from day one.
Major developers are following suit. K Raheja Corp Homes is preparing a five-tower project in Juinagar, while Godrej Properties has acquired 6.5 acres in Kharghar for ₹717 crore. According to JLL India, the region saw 24 land deals totaling 368 acres between January 2023 and March 2025, signaling aggressive expansion. With the government positioning Navi Mumbai as the “Third Mumbai,” the area is poised for rapid, sustained growth in the years ahead.
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