Adani Realty is set to embark on its most ambitious real estate venture to date—a sprawling township adjacent to the upcoming Navi Mumbai International Airport. Spanning over 1,000 acres in Panvel, this project is poised to redefine urban living in the Mumbai Metropolitan Region (MMR).
Drawing inspiration from its flagship Shantigram township in Ahmedabad, Adani’s Panvel development aims to be a next-generation urban hub. The project, currently referred to as “Adani Panvel,” is anticipated to be nearly twice the size of the group’s 600-acre Dharavi redevelopment initiative in Mumbai. With an estimated investment exceeding ₹10,000 crore, the township will be developed over a decade in phased construction.
Strategically located near the Navi Mumbai International Airport, which is also being developed by the Adani Group, the township is expected to benefit from enhanced connectivity and infrastructure. The airport’s inauguration is slated for June 2025, and the township’s official launch is anticipated to follow.
Preparatory work is already underway, including the construction of a new access road to connect the township directly to the nearby expressway. Adani Realty is also in the process of securing necessary regulatory approvals and finalizing the project’s launch strategy.
This development aligns with Adani Realty’s broader expansion plans in the MMR, following the launch of 9 PBR, a premium residential project in Nerul, Navi Mumbai. The company’s portfolio has surpassed 200 million square feet, with 130 million square feet earmarked for future development.
The Panvel township is expected to catalyze real estate growth in the region, offering a blend of residential, commercial, and recreational spaces. Its proximity to major infrastructure projects like the Mumbai Trans Harbour Link further enhances its appeal to investors and homebuyers alike.
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Source:https://www.business-standard.com/industry/news/adani-panvel-township-navi-mumbai-airport-real-estate-launch-125042200353_1.html
