Motilal Nagar Redevelopment Project
Sector: Commercial • Location: Mumbai, Maharashtra, India
Source: Business Today
Billionaire Gautam Adani-led Adani Group is expected to invest as much as Rs 1 lakh crore to redevelop Motilal Nagar in Mumbai’s Goregaon West. The Maharashtra Housing and Area Development Authority (MHADA) released a master plan for the project spanning 143 acres. Adani Realty, the successful bidder, is executing the project under the construction and development agency model. The project include
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Participants
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Status
Original status | planned |
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Description
Description | Billionaire Gautam Adani-led Adani Group is expected to invest as much as Rs 1 lakh crore to redevelop Motilal Nagar in Mumbai’s Goregaon West. The Maharashtra Housing and Area Development Authority (MHADA) released a master plan for the project spanning 143 acres. Adani Realty, the successful bidder, is executing the project under the construction and development agency model. The project includes rehabilitation and free-sale segments, with the rehabilitation phase expected to be completed within seven years. The redevelopment will generate around 28 lakh square metres of built-up area, with allocations for existing residents, commercial occupants, and slum dwellers. Estatevue Developers, owned by Adani Group, will receive a free-sale allocation which it can sell on the open market. |
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Original Currency | USD |
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Source
Source reliability | High |
Data quality score | 100% |
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URL | obfuscated_data,obfuscateddata.com |
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