Supreme Court Ruling Enables Adani Realty to Restart ₹5,000 Crore Borivali Township Development

Adani Realty announced the resumption of its ambitious ₹5,000 crore redevelopment project on the Khatau Mill land in Borivali East, Mumbai, following a favorable Supreme Court ruling that streamlined environmental clearance procedures for developments near eco-sensitive zones.

Prime 20-Acre Development Adjacent to National Park

The project encompasses 20 acres of premium land in Borivali East, strategically positioned next to the Sanjay Gandhi National Park. Industry sources revealed that Adani Realty is planning to transform the former industrial site into a contemporary residential township featuring premium 3 and 4 BHK apartments designed for affluent homebuyers.

Premium Housing Units Priced Between ₹3.5-5 Crore

Market analysts indicate that the upcoming residential development will target upper middle-class and high-income buyers with large-format homes. The apartment prices are expected to start from ₹3.5 crore, with larger units reaching up to ₹5 crore. The company plans to launch the project in multiple phases, subject to regulatory approvals and market conditions.

Regulatory Breakthrough Unlocks Stalled Project

The project's revival came after a crucial Supreme Court decision that simplified environmental clearance requirements for construction projects within 5 kilometers of national parks and other eco-sensitive zones. The ruling restored state-level authorities' power to evaluate and grant environmental permissions, effectively removing the central-level clearance bottleneck that had stalled numerous development projects.

Strategic Addition to Mumbai Portfolio

Real estate experts noted that the Borivali township represents a significant addition to Adani Realty's expanding Mumbai Metropolitan Region presence. The project complements the group's existing portfolio, which includes major redevelopment initiatives like Motilal Nagar in Goregaon, premium developments in Bandra's luxury market, and planned township projects near the upcoming Navi Mumbai airport.

Development Timeline and Approval Process

Company officials confirmed that Adani Realty has restarted design and planning activities for the project and is preparing documentation for state environmental approvals. Once the necessary clearances are obtained, construction of the first phase is expected to commence, marking a significant transformation in Borivali's real estate landscape.