Adani Properties signs agreement for redevelopment project in Mumbai
Adani Group's firm, Adani Properties, has signed an agreement to redevelop Motilal Nagar, a 142-acre cluster in Mumbai’s suburb of Goregaon (West). This would be Maharashtra Housing and Area Development Authority's (MHADA) largest redevelopment project.
Under the agreement, Adani Properties will provide a significant portion of the housing stock to MHADA, offering larger homes to existing residents and rehabilitating slum dwellers. This is aimed at modernizing housing infrastructure, addressing civic issues, and improving the quality of life for residents.
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