UPCOMING LAUNCH
Adani Navbharat Developers Advances Dharavi Redevelopment with Inaugural Railway Land Construction; First Handover Targeted December 2026
Adani Navbharat Developers (formerly Navbharat Mega Developers Private Limited) has commenced construction on 6.4 acres of Indian Railway land adjoining Dharavi, marking the first tangible execution phase of Asia's largest slum redevelopment. The project targets initial handover on railway land in December 2026, with phased rollout of approximately 30,000 residential units in the following financial year.
| Developer | Adani Navbharat Developers Private Limited (ANDPL), renamed from Navbharat Mega Developers Private Limited (NMDPL) effective July 16, 2026 |
|---|---|
| Ownership Structure | Adani Group holds 80% stake; Maharashtra Government through DRP/SRA holds 20% |
| Project Area | Approximately 600 acres spanning pottery, food processing, leather, and plastic scrap industries |
| Total Units Planned | Over 125,000 residential units comprising rehabilitation housing for existing residents and free-sale apartments |
| Construction Commencement | First commencement certificate issued January 14, 2025; Construction began on 6.4 acres of railway land in January 2025 |
| First Phase Handover Target | Initial handover on Indian Railways land targeted for December 2026 |
| Free-Sale Launch Timeline | First phase of free-sale housing component likely to launch around Diwali 2025 or early 2026 |
| Starting Price (Free-Sale) | ₹35 Lakhs for 1 BHK unit; Affordable-to-mid segment housing planned for southern and eastern edges, areas around Sion and King's Circle where current market rates are relatively lower |
| Rehabilitation Unit Size | 350 square feet per eligible resident, an increase from 300 sq ft typical in other Maharashtra slum redevelopment projects |
| RERA Status | RERA approval under process; projected possession by 2030 |
Project Overview & Status (as of September 2026)
The $8 billion redevelopment project, led by Mumbai authorities and Adani Realty, aims to transform Asia's largest slum into a modern urban district. The special purpose vehicle executing the Dharavi Redevelopment Project has been renamed Adani Navbharat Developers, with no change in ownership, governance or implementation. The change has been approved by the company's board of directors, shareholders, and the Ministry of Corporate Affairs, and formally aligns the company with the Adani Group's corporate identity and reflects the group's long-term commitment to delivering one of the world's largest urban redevelopment programmes.
Construction for the project received its first commencement certificate on January 14, 2025, and construction began on 6.4 acres of railway land in January 2025. The project remains in pre-launch phase for free-sale residential components.
Scope: Rehabilitation vs. Free-Sale Components
The redevelopment project spans 225 million square feet, of which 95 million square feet is rehabilitation area and 130 million square feet is free sale area, with the 95 million square feet of rehabilitation involving more than 1 million slum dwellers for whom over 125,000 units are planned. Half of these units are planned in the current area of Dharavi, while the rest are spread across six areas in the MMR region.
Under the rehabilitation portion, approximately 72,000 tenants, including over 13,000 non-residential tenants, are eligible for new housing or commercial units; each residential beneficiary will receive a 350 square foot unit. Only residents that have lived in Dharavi before the year 2000 will be eligible for the free housing.
Pricing & Payment Models
The starting price for a 1 BHK unit is ₹35 Lakhs. Initial offerings will involve affordable-to-mid segment housing in southern and eastern edges of Dharavi, particularly areas around Sion and King's Circle, where current market rates are relatively lower, and these localities will likely serve as the launchpad for the free-sale inventory rollout.
While the current average rate is about ₹15,000 per square foot, prices may approach double that figure once infrastructure and amenities are in place. The Adani Group plans to release just 10–15% of the free-sale inventory each year over the next 8–10 years, with this strategy ensuring better absorption of the housing stock and allowing for flexible pricing based on market conditions.
Timeline & Possession
The developer is proposing to deliver housing and allied facilities across seven to eight years while starting construction of around 30,000 units in the next financial year and targeting an initial handover on Indian Railways land in December 2026. As per the approved timeline, construction for the rehabilitation portion must be completed within seven years—by January 1.
The project is expected to be finished in 17 years, while the rehabilitation process should be finished in seven years, according to the Maharashtra government. Overall project possession is projected by 2030.
Locality Context & Infrastructure Demand
Dharavi, spread over around 600 acres, houses more than a million people in a densely populated slum along with four large industries—pottery, food processing, leather, and plastic scrap. The area supports a $1 billion annual economy, with 80% of Mumbai's waste recycled locally.
The locality is close to BKC, the city's financial nerve center, and offers excellent connectivity to all parts of Mumbai. The master plan integrates housing with 350 sq.ft. homes for eligible residents (pre-2000 ground-floor tenements), with 10-year free maintenance. The plan dedicates areas for Dharavi's 10,000+ small businesses and includes modern sanitation, roads, hospitals, and schools.
Regulatory & Legal Status
In its December 20, 2024 verdict, the high court had cleared the decks for redevelopment of the slums in Dharavi by upholding the tender awarded to the Adani Group for the project. The Bombay High Court upheld the Maharashtra government's decision to award the Dharavi slum redevelopment project to Adani Properties Private Limited, dismissing a petition by UAE-based Seclink Technologies Corporation that challenged the tender process, noting that there was no arbitrariness, unreasonableness, or perversity in the decision.
RERA approval is currently under process. The statutory role of the Dharavi Redevelopment Project/Slum Rehabilitation Authority (DRP/SRA) remains unchanged, and the government of Maharashtra will continue to exercise all statutory powers relating to rehabilitation, beneficiary eligibility and project implementation.
Investment & Financial Commitment
As of November 2024, the project has seen an investment of approximately Rs 2,000 crore. Adani Properties, the highest bidder, offered Rs 5,069 crore as its investment in the project when financial bids were opened on November 29, 2022. The current plan is estimated to cost over ₹95,000 crore.
The total saleable space unlocked through the project could reach a staggering 140 million square feet, potentially generating revenues exceeding Rs 1 lakh crore at current market rates.
Development phases
Frequently asked questions
Is the Adani Dharavi project a rehabilitation scheme or a free-sale development?
The project will provide over 125,000 residential units, combining rehabilitation homes for existing residents with high-quality free-sale apartments. Only residents that have lived in Dharavi before the year 2000 will be eligible for the free housing. The remainder of units are available for purchase on the open market.
What is the expected construction timeline?
The developer is proposing to deliver housing and allied facilities across seven to eight years while starting construction of around 30,000 units in the next financial year and targeting an initial handover on Indian Railways land in December 2026. The project is expected to be finished in 17 years, while the rehabilitation process should be finished in seven years.
Has RERA registration been completed?
RERA approval is under process and the project has a projected possession by 2030. Large-scale phased projects typically register phase-wise with MahaRERA.
Who currently owns and governs the Dharavi Redevelopment Project?
Adani Navbharat Developers Private Limited (ANDPL), the special purpose vehicle implementing the Dharavi Redevelopment Project, was renamed from Navbharat Mega Developers Private Limited (NMDPL) effective July 16, 2026. The Adani Group has an 80 per cent stake in ANDPL, while the remaining 20 per cent stake belongs to the state government.
What is the price range for free-sale units?
The starting price for a 1 BHK unit is ₹35 Lakhs. Initial offerings will involve affordable-to-mid segment housing in southern and eastern edges of Dharavi, particularly areas around Sion and King's Circle, where current market rates are relatively lower. Prices are expected to vary based on location and amenities as the project progresses.
What size are the rehabilitation units for eligible residents?
Each residential beneficiary will receive a 350 square foot unit, an increase from the 300 square foot units typically allotted in other slum redevelopment projects under the Maharashtra Slum Rehabilitation Act.
Sources
- Synergy Infracon - Adani Dharavi Redevelopment Project
- Business Standard - Dharavi redevelopment SPV renamed Adani Navbharat Developers (July 2026)
- The Realty Today - 43% of Adani-Led Dharavi Redevelopment Land Cleared for Open Market Sale (June 2025)
- Business Standard - Adani Dharavi Project Phase 1 Begins, New Hope for Residents (February 2025)
- Maharashtra State DRP Official Portal - Dharavi Redevelopment Project