Adani Group emerges highest bidder for redevelopment project worth Rs 36,000 crore in Mumbai
Adani Group's firm, Adani Properties Pvt Ltd (APPL), has emerged as the highest bidder for the Rs 36,000 crore redevelopment of Motilal Nagar in Mumbai. The firm offered the highest built-up area of 3.97 million sq mt for the project. This redevelopment project is said to be Mumbai's biggest housing redevelopment project, covering 143 acres in the western suburb of Goregaon (W).
AAPL beat L&T in the bidding process, and the Letter of Allotment (LoA) will be issued in due course by the Maharashtra Housing and Area Development Authority (MHADA).
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