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Adani Realty revives Mumbai project
Mint Chennai
|August 21, 2025
Adani Realty has revived its plan to develop around 20 acres of land that formerly belonged to textile firm Khatau Mill in suburban Mumbai's Borivali (East), following a recent Supreme Court ruling on environment clearance for real estate projects, said two people in the know of the matter.
The developer had acquired the mill land, located close to the Sanjay Gandhi National Park in Borivali, several years ago for a greenfield residential township.
The project planning and design process started around two years ago.
However, the project went into limbo like several others after the 2024 National Green Tribunal (NGT) ruling that said large-scale real estate projects within a 5-km radius of ecologically-sensitive zones such as forests or mangroves need environmental clearance from the central government. This led to confusion and delays for developers.
Diese Geschichte stammt aus der August 21, 2025-Ausgabe von Mint Chennai.
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