NEW DELHI: Adani Properties has secured the top bid for cluster redevelopment projects at Adarsh Nagar in Worli and Bandra Reclamation, as confirmed by the Maharashtra Housing and Area Development Authority (MHADA).
For the Sardar Vallabhbhai Patel (S.V.P.) Nagar project located in Andheri West, the highest bid has come from a consortium including Hanura Realty, Chandak Realtors, Premsagar Infra Realty, and Vantier Realty. Notably, Hanura Realty is a subsidiary of JSW Steel.
The financial bids were unveiled for appointing construction and development agencies for these three cluster redevelopment projects overseen by MHADA’s Mumbai Housing and Area Development Board. The committee tasked with these projects will review the bid acceptance proposals. Following their approval, the proposals will be forwarded to the state government for final consent.
MHADA’s Mumbai Board issued tenders on April 8, 2026, for these projects, with the bid submission deadline set for May 18, 2026. The technical assessment of the bids was concluded prior to the financial bids opening on May 27, 2026.
The redevelopment projects encompass S.V.P. Nagar in Andheri West (spanning 73.89 acres), Bandra Reclamation (98.27 acres), and Adarsh Nagar in Worli (34.33 acres). Eligible residents will receive transit rent during redevelopment and a corpus fund for maintenance, as stated by MHADA.
