A social media post has gone viral, claiming that the Adani Group has acquired over 1.1 acres of land in Malabar Hill, South Mumbai—one of the most expensive real estate areas in the country—for just ₹170 crore. This translates to approximately ₹35,478 per square foot. In contrast, land prices in Malabar Hill typically range from ₹90,000 per square foot to well over that. In fact, two current property listings in the area are priced between ₹1.22 lakh and ₹3.55 lakh per square foot. The post implies that the Adani Group used BJP influence to purchase the land at a significantly undervalued rate.
Congress Kerala claimed, ‘Adani group bought more than 1.1 acres of land in Malabar Hill are of South Mumbai, which has the most expensive real estate in the country for only 170 Cr. This translates to 35,478 per square feet. The price of a square foot of land in Malabar hill is anywhere between 90,000 to much more. We’ve just added two properties listed in Malabar Hill asking 1.22 lakh per sq.ft to 3.55 lakhs per sq.ft. You decide what’s going on in this country.’
AAP leader Ashok Mruthyunjaya wrote, ‘Land SCAM!!!!! Adani being favored again by @BJP4India. Adani group bought more than 1.1 acres of land in Malabar Hill are of South Mumbai, which has the most expensive real estate in the country for only 170 Cr. This translates to 35,478 per square feet. The price of a square foot of land in Malabar hill is anywhere between 90,000 to much more. We’ve just added two properties listed in Malabar Hill asking 1.22 lakh per sq.ft to 3.55 lakhs per sq.ft. You decide what’s going on in this country.’
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We started our fact-checking process by looking at relevant media reports pertinent to the topic. We found a Business Today report published on April 5, 2025, that said, ‘The Adani Group has expanded its real estate portfolio by acquiring a coveted parcel of land on Carmichael Road, South Mumbai, through Mah-Hill Properties, its subsidiary. The transaction, completed on March 27, involves a 2,760 square feet plot that currently houses an ageing residential cottage. This acquisition highlights the strategic interest in one of India’s most sought-after neighbourhoods, reflecting the group’s ongoing efforts to invest in prime locations within the country’s high-value real estate market.’
Business Today further reported, ‘According to registration documents obtained by CRE Matrix, a real estate data analytics firm, Behram Nowrosji Gamadia, the heir of a property dating back to the early 20th century, recently sold a 4,500 square metre plot to Mah-Hill, the Times of India reported. A copy of the resolution approving the purchase of the property by Mah-Hill Properties was passed by the company’s board of directors, with the company’s address listed as Adani Corporate House in Ahmedabad. The acquisition was formalised with a substantial stamp duty payment exceeding ₹10.46 crore, as per documents accessed via CRE Matrix.’
The report said further, ‘Previously embroiled in legal disputes, the property’s acquisition was made possible through court-accepted consent terms, clearing the legal path for the Adani Group. This resolution underscores the group’s ability to navigate complex legal landscapes to secure high-value assets.’
Furthermore, we found a CRE Matrix report that says, ‘In a significant real estate transaction, the Adani Group has acquired a premium land parcel spanning more than 1.1 acres in South Mumbai’s ultra-affluent Carmichael Road, nestled in the prestigious Malabar Hill locality. According to the documents accessed by CRE Matrix, the deal, valued at over ₹170 crore, was executed through the Group’s subsidiary, Mah-Hill Properties. The plot currently hosts an old residential cottage with a built-up area of 2,760 sq ft. Located in a highly sought-after area, the plot is one of the last few sizeable freehold properties available. The transaction was registered on March 27, with the buyer paying a stamp duty exceeding ₹10.46 crore.’
The CRE Matrix report further said, ‘While it remains unclear whether the Adani Group intends to develop a high-rise or a luxury bungalow on the site, the strategic value of the location is undeniable. The property was previously tied up in legal disputes, which have now been resolved through court-accepted consent terms – clearing the path for a clean acquisition. Carmichael Road in Malabar Hill symbolizes legacy, wealth, and elite status. Home to influential business families and top corporate leaders, the area is known for its heritage bungalows, breathtaking views of the Arabian Sea, and proximity to key financial districts. With property prices among the highest in India, any development on this rare parcel is bound to attract attention from high-profile buyers and investors.’
Additionally, we found reports by The Economic Times and Home Rear View that clearly point out the property acquired by the Adani Group was previously tied up in legal disputes, which have now been resolved through court-accepted consent terms – clearing the path for a clean acquisition.
Hence, the claim that the Adani Group purchased 1.1 acres of land for just ₹170 crore due to its influence within the BJP is baseless. The property was embroiled in a legal dispute, and the resolution came through court-ordered terms.
| Claim | The Adani Group purchased land in Malabar Hill, Mumbai, at a significantly low price due to its political influence with the BJP. |
| Claimed by | Social media user |
| Fact Check | The Adani Group acquired 1.1 acres of land in South Mumbai for ₹170 crore. The property was previously entangled in legal disputes and was sold under court-approved consent terms, not due to political influence. |
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