Adani Realty has been quick to claim significant positions in the Maharashtra business scene, led by the owner and founder, billionaire businessman Gautam Adani at the helm. In the recent past and is now one of the most impactful builders in Mumbai by multiplicative impact. With the Dharavi redevelopment as its flagship project involving the renovation of an urban development initiative of about 600-acre in the core of the city, adjacent to the Bandra-Kurla Complex, under the company's brand Navbharat Mega Developers (NMD) in co-operation with the government of Maharashtra. The scheme was conceived with the vision to rehabilitate over more than 125,000 households and construct a contemporary, multi-functional precinct with the projects for cleaning up the Mithi River and redeveloping the Deonar dumping ground.
In the last two years alone, Adani Realty has signed up a few sizeable government-backed projects in Mumbai – like a huge residential and commercial complex in Bandra, West, overlooking the Arabian Sea, and a large housing project in northern suburb of Mumbai. Commercial and hospitality and entertainment developments around airports, commercial and residential developments at The Co-operative Bank's land around Mumbai and Navi Mumbai's airports is also being monetized. The developer has recently been backed by the financial muscle of the broader Adani Holdings and seen itself as a long-term player in some of the most complex redevelopment opportunities in the city.