Gautam Adani’s Company Bags Mumbai’s ₹36,000-Cr Motilal Nagar Redevelopment Project

Billionaire Gautam Adani has pulled off yet another massive real estate coup! Adani Properties has emerged as the highest bidder for the ₹36,000 crore Motilal Nagar redevelopment project in Mumbai’s Goregaon West, beating out L&T with a more lucrative offer. Spanning 143 acres, this ambitious redevelopment will transform a mix of slums and commercial spaces into a modern urban hub. MHADA, the state housing authority, retains full ownership of the land, ensuring that developers cannot mortgage or sell it. Adani Properties has committed to delivering 3.97 lakh square meters of housing stock and rehabilitating over 5,000 families and businesses. This is Adani’s second major Mumbai redevelopment after bagging the Dharavi transformation project, which aims to rehabilitate 10 lakh residents in Asia’s largest slum. With Mumbai’s skyline set for a major overhaul, is Adani’s real estate empire unstoppable?

#businesstoday #gautamadani #adanigroups #adaniproperties #mumbairedevelopmentproject #motilalnagarpriject #goregaonwest #dharaviproject #mumbairealestate
-----------------------
Thank You for watching! Do not forget to Like | Comment | Share
-----------------------
About the channel
Watch us for the best news and views on business, stock markets, crypto currencies, consumer technology, the world of real estate, bullion, automobiles, start-ups and unicorns and personal finance. Business Today TV will also bring you all you need to know about mutual funds, insurance, loans and pension plans among others.

Follow us at:
Website: https://www.businesstoday.in
WhatsApp: whatsapp.com/channel/0029Va4Hd309hXFCqY62yD2I
Facebook:   / businesstoday  
twitter:   / business_today  
Instagram:   / business_today