Latest news with #PranavAdani
Hindustan Times
07-07-2025
- Business
- Hindustan Times
Adani secures third project in Mumbai, takes on Motilal Nagar redevelopment after Dharavi
Adani Group has secured its third major project in Mumbai, the Motilal Nagar redevelopment in Goregaon (West), following the Dharavi redevelopment and the Bandra Reclamation land deal. MHADA announced on July 7 that it has signed a redevelopment agreement with the Adani Group for the Motilal Nagar 1, 2, and 3 colonies project in Mumbai. On July 7, the Maharashtra Housing and Area Development Authority (MHADA) announced that it has signed a redevelopment agreement with the Adani Group for the Motilal Nagar 1, 2, and 3 colonies project. This marks Adani Group's third major real estate project in the city, following the Dharavi redevelopment and the acquisition of 17 acres in Bandra Reclamation. The Motilal Nagar project is estimated to cost around ₹36,000 crore. With this agreement, the Adani Group has been formally appointed as the Construction and Development (C&D) agency for the project, one of Mumbai's largest housing redevelopment initiatives, spanning 142 acres in the western suburb. According to MHADA, the Motilal Nagar redevelopment project is the largest redevelopment project in the country to be implemented through the construction and development model. The Motilal Redevelopment project will rehabilitate 3,372 eligible residential units under MHADA, 328 eligible commercial units, and 1,600 eligible slum tenements per the 1971 Slum Act. MHADA said in a statement that the agreement signing ceremony was held at MHADA headquarters in the presence of Sanjeev Jaiswal, vice president and CEO of MHADA, and Pranav Adani, director of Adani Properties Pvt. Ltd., among others. "The long-cherished dream of the residents of Motilal Nagar is now taking a concrete shape. We aim to make this the finest redevelopment project in the country, ensuring transparency, quality, and social commitment through MHADA's implementation," Sanjeev Jaiswal, VP and CEO of MHADA said. "This dream of redevelopment will no longer remain on paper; it is becoming a reality. Through this project, MHADA is taking a crucial step toward providing residents with modern, secure, and well-equipped homes," Jaiswal said. Also Read: Motilal Nagar redevelopment: 5 things to know about Adani Group's latest acquisition in the Mumbai real estate market "A key highlight of this project is the free rehabilitation of residents in ultra-modern 1,600 sq. ft. apartments. Through this redevelopment, MHADA will receive 397,100 lakh sq m of constructed area from the developer. This will significantly boost MHADA's housing stock in the near future," MHADA said in the statement. What is the Motilal Nagar redevelopment project? According to MHADA, Motilal Nagar 1, 2, and 3 currently comprise 3,700 tenements, and the rehabilitation will be carried out over an area of approximately 584,100 lakh sq m. Additionally, non-resident tenants will be provided with 987 sq m of commercial space. The construction of the rehabilitation units is expected to be completed within seven years. A five-acre central park will be a key feature of the project. Priority will be given to resident rehabilitation, and excellent traffic and mobility planning is part of the overall design, MHADA said. Moti Nagar redevelopment Master Plan According to MHADA, in order to prepare the master plan, the Adani Group has enlisted international consultants. "The comprehensive master plan has been developed by Mecanoo, a renowned architecture firm based in the Netherlands. The infrastructure planning was done by Buro Happold, a London-based consultancy firm specialising in infrastructure development. The residential buildings under the rehabilitation scheme will also be equipped with solar panels," MHADA said in a statement.
Mint
07-07-2025
- Business
- Mint
Adani Properties, Mhada sign agreement for mega Mumbai redevelopment project
Bengaluru: Adani Properties, the real estate firm of Adani Group, on Monday signed an agreement with state agency Maharashtra Housing and Area Development Authority (Mhada) for the redevelopmentof Motilal Nagar in suburban Mumbai's Goregaon (West). Mahada has appointed the Adani Group firm as the construction and development (C&D) agency for implementing the redevelopment of its Motilal Nagar 1, 2 and 3 colonies. In March, Adani Properties emerged as the highest bidder for the ₹ 36,000-crore project that spans across 142 acres in the city, outbidding L&T project will be Adani's second largestredevelopment project after the mega Dharavi slum redevelopment project in Mumbai. The Dharavi project is being developed by Navbharat Mega Developers Pvt. Ltd (NMDPL), a special purpose vehicle formed as a joint venture between the Maharashtra government and the Adani Group. 'The long-cherished dream of the residents of Motilal Nagar is now taking concrete shape. We aim to make this the finest redevelopment project in the country, ensuring transparency, quality, and social commitment through Mhada's implementation," said Mhada vice-president and CEO Sanjeev Jaiswal. Pranav Adani, director at Adani Properties, was also present at the agreement signing ceremony. The Motilal Nagar Mhada colony will be the largest redevelopment project in the country to be implemented through the construction and development model. It will entail free rehabilitation of residents in 1,600 sq. ft apartments. Through this redevelopment, Mhada said it will receive 397,100 square metres of constructed area from the developer Adani Properties. This will significantly boost Mhada's housing stock in the near future. The project has been declared a 'Special Project' by the Maharashtra government. Motilal Nagar 1, 2, and 3 colonies currently comprise 3,700 tenements. Additionally, non-resident tenants will be provided with 987 sq. m. of commercial space. A five-acre central park will be a key feature of the project. The construction of the rehabilitation units is expected to be completed within seven years. A comprehensive master plan has been developed by Mecanoo, an architecture firm based in Netherlands, while the infrastructure planning was done by London-based Buro Happold. Apart from the Mumbai Metropolitan Region (MMR), Adani Properties that operates under the Adani Realty brand name, has real estate projects in Pune, Ahmedabad, and Delhi-National Capital Region (NCR). Mint reported in April 2024 that its project portfolio totals over 200 million sq ft, with 130 million sq ft earmarked for potential future development. Since then, the company's portfolio has expanded rapidly. While the company plans to do a mix of housing, office and retail projects, it specializes in large-format, often complex, residential-led developments. Possibly, the company's largest development will be a massive 1,000-acre township project in Navi Mumbai, where the conglomerate is building a new international airport. 'In the Motilal Nagar project, Adani Properties plans to do a large integrated mixed-use development, where the first phase will have residential development along with some retail,' said a person familiar with the development, who didn't wish to be named. An Adani Properties spokesperson didn't respond to queries.
Time of India
20-06-2025
- Business
- Time of India
People centric development must extend beyond New Delhi: CRF
People centric development must extend beyond Delhi as India is not one city, or one region—the different regions have different demands and voices, which must be heard and addressed, was a key suggestion put forward by the Chintan Research Foundation ( CRF ). The suggestion was put forward by Pranav Adani , Director of Adani Enterprises , on Thursday as Chintan Research Foundation (CRF), an independent think tank supported by Adani Group celebrated its first Foundation Day in New Delhi. The event witnessed an overwhelming presence of ambassadors, bureaucrats, journalists, fellow think tanks, industry leaders, and other key stakeholders to share the idea of the multi-faceted role that think tanks play in India. Speaking at the event, Pranav Adani voiced the crucial role that think tanks play being part of the development aspirations of India's journey and how CRF contributes to this with the mantra of 'growth with goodness'. He stated, "Policy is not abstract. It is personal. And, the growth must be measured not just in numbers, but in the lives that we touch, the lives we help improve. And this is CRF's mission — to drive change and contribute to India's rise in a way that uplifts every section of society and helps shape a Viksit Bharat .' Talking about India's transformation and Viksit Bharat, Amitabh Kant, India's former G20 Sherpa and CEO, NITI Aayog, echoed that CRF will be part of this transformation and appreciated the research work that CRF has done and continues to do so. To realize this vision, he emphasised the need of think tanks to provide constructive feedback to the government. He stated, 'India-based think tanks must aim to build an ecosystem of intellectual collaboration, where systemic thinking, evidence-based policy, creative problem-solving, and constructive criticism becomes the norm across sectors.' Only by continually asking where we stand and where we must act, India can effectively chart the future. This reflective inquiry has become a mission for CRF. Shishir Priyadarshi, President CRF highlighted a powerful conviction in the celebration, 'Think tanks must be more than silent observers and should create a space for a better, more inclusive, and more sustainable world where every voice resonates and drives action to lead a meaningful change for people-centric development.' For this he emphasised that think tanks must ask the tough questions-to the policymakers, to the government, and to the civil society. CRF has been doing extensive research on critical issues faced by the citizens including climate change, energy transition, economy, trade, investment, geopolitics, and strategic affairs. Here the uniqueness of CRF also lies in its approach as it integrates policy insights with industry realities while fostering connections between the government, industry, and citizens. Additionally, the speakers highlighted the significance of think tanks in reimagining India's role in shaping the future, particularly in relation to the Global South. For this, it is crucial for India tounderstand the reality, and focus on key areas - climate change, equitable energy transition, the global economy, critical supply chains, trade, and the overarching geopolitics through evidence-based research. Speakers and participants agreed that think tanks across India need to collaborate and prioritize objectivity, sustainability, and people-centric, data-driven solutions to address pressing policy challenges. CRF, as one of these entities, is committed to elevate ideas and empower people, and is poised to chart its role in India and the Global South.
India Today
20-06-2025
- Business
- India Today
India's growth lies in its heartland: Adani Enterprises Director Pranav Adani
India's growth story will be incomplete unless the country's heartland is brought into the economic mainstream, said Adani Enterprises Director Pranav Adani while speaking on the first foundation day of the Chintan Research Foundation."India is not only Delhi or the capital cities, but India lives in the heartland, that is why I said in my speech that whether it is Ranchi, Raipur, Bhubaneswar or the Northeast, what really matters is that this is where the real India lives, and this is where we want them to come into our focus, into our central economy," Adani told highlighted the importance of inclusive development, calling India's 1.4 billion citizens the country's greatest asset. "India is in a very great situation right now. The 1.4 billion people that we have are our real asset... 50% of the economy is engaged in the growth of the GDP, and the other 50% is passive. Now that has to really come into focus and I think that's when the real Indian growth story will happen and I'm very optimistic. We as a group are very optimistic," Adani added. The remarks came as part of a broader statement of intent from the newly launched Chintan Research Foundation, which Adani said would focus on three critical areas: climate change, trade, and geopolitics."I feel that a research foundation has a lot of responsibilities. Like I said in my speech, the Chintan Research Foundation will focus on three things -- climate change, trade and geopolitics," he foundation is expected to serve as a think tank and strategic platform aligned with India's developmental priorities. With energy transitions, global trade dynamics, and geopolitical realignments reshaping the economic landscape, Adani's emphasis on a focused research agenda comes at a pivotal call to action for India's heartland reflects a growing belief among business leaders: that India's long-term growth will depend not just on its metros, but on unlocking the potential of its smaller cities and rural belts."This is where the real India lives," Adani said. "And this is where we want them to come into our focus, into our central economy."
NDTV
20-06-2025
- Business
- NDTV
Pranav Adani Explains Think Tank CRF's Role In Journey Towards Viksit Bharat
New Delhi: Adani Enterprises Director Pranav Adani congratulated the think tank Chintan Research Foundation (CRF) on celebrating its Foundation Day on Thursday, and expressed hope that the CRF will be a key motivator in shaping policies of India towards a Viksit Bharat. "The three fundamental things that Chintan Research Foundation will take care of and will do research based on evidence are geopolitical issues, maintaining relations with our neighbours, and trade, economy, and energy transition," Mr Adani told NDTV at the event held in Delhi. During his address, he said India is a chorus of voices and the real India is not in Delhi, but lies in the heartlands. "I believe that India is not just Delhi. India lives in its heartland. India lives in Ranchi. India lives in Bhubaneswar. India lives in the North East. So, we are going to bring all those voices really into the mainstream. That's what we endeavor to do," Mr Adani said. On Adani Group Chairman Gautam Adani's vision that growth must not be measured just by numbers, but also by how many lives have been touched, the Adani Enterprises Director said, "It is very important, as our Chairman says, it doesn't just depend on numbers. All the time, you don't get measured only by numbers, but you get measured by the amount of lives you touch, the impact that you have. So, this is something that the Adani Group endeavors to do." He said some of the challenges that India needs to overcome towards becoming a developed nation by 2047 include infrastructure growth, energy transition, defence, and how the country's citizens work together and how the country collaborates with its neighbours. About the CRF, he said it is very important to have robust think tanks - think tanks that are purely research and evidence-based. "So that is the role that Chintan Research Foundation will have on the economy in particular - supply chain, energy transition and so on," he noted, adding the CRF must imagine and re-imagine the role that India can play in shaping the future, especially of the Global South. India's industries are driving economic growth, innovation, and global expansion. The CRF integrates industry insights into policy research to address regulatory challenges and enhance competitiveness. By bridging industry and governance, it shapes research for a stronger, more resilient economy.
