Adani plans its biggest township in Navi Mumbai

Adani Realty is preparing to launch its biggest township project across more than 1,000 acres in Navi Mumbai, where the conglomerate has built a new international airport that opens soon.

- Madhurima Nandy

Adani Realty is preparing to launch its biggest township project across more than 1,000 acres in Navi Mumbai, where the conglomerate has built a new international airport that opens soon. The mixed-use township will be almost twice as big as Adani's 600-acre Dharavi redevelopment project in Mumbai, and will come up over the next decade, two people familiar with the plans said.

Adani entered the real estate sector in 2010 with the 600-acre Shantigram in Ahmedabad, which became the city's biggest real estate development with an estimated ₹5,000 crore invested. The Navi Mumbai township in Panvel, which will come up across 1,000-1,100 acres, is envisioned as a bigger version of Shantigram, signalling Adani's grand plans for the Mumbai Metropolitan Region (MMR).

"Given the size and scale of the Navi Mumbai township, the estimated investment will be double that of Shantigram,"at over 10,000 crore. Right now, the project is referred to as Adani Panvel, but the name and format are inspired by Shantigram," one of the two people cited above said on the condition of anonymity.