Adani Properties to invest Rs 1 lakh crores in redevelopment project in Mumbai
Adani Group's real estate arm, Adani Properties, has bagged the redevelopment project in Mumbai. The firm will invest Rs 1 lakh crore to redevelop Mumbai's Motilal Nagar, a project spread over 143 acres.
It is a mixed-use township with extensive public amenities and infrastructure upgrades. The project plans to rehabilitate over 3,700 residential and 300 commercial occupants, alongside slum dwellers.
Also Read: Adani Group emerges highest bidder for redevelopment project worth Rs 36,000 crore in Mumbai