With the latest redevelopment rights in Motilal Nagar, Adani Realty continues to expand its presence in Mumbai’s real estate market. Alongside projects like Dharavi and Bandra Reclamation, the company is taking on large-scale redevelopment, focusing on urban transformation and integration within the city's evolving infrastructure landscape
Emaar India has a significant presence in key markets such as Delhi-NCR, Lucknow, Mohali, Indore, and Jaipur. Analysts maintain that the acquisition would provide Adani Realty with an immediate entry into North India’s lucrative real estate market.
The land Adani has successfully bid for is a once-in-a-lifetime confluence of size, location and connectivity
The Maharashtra government aims to complete the project within the next 17 years and carry out rehabilitation over the course of the next seven years.
In the next 17 years over 10 million sq ft is slated to be constructed at a cost of over Rs 20,000 crore. Of this, 2-3 million sq ft is meant for sale while the rest is for rehabilitation of the slum dwellers.
The Maharashtra government aims to complete the bidding process by 2022-end, and the winner will have seven years to execute the project.
DB Realty requires major funds infusion for its ongoing high-end projects and Adani Realty is said to be a suitor, according to the report.
The bank, which began operations in Mumbai in 1953, is relocating its Indian headquarters to BKC from Nariman Point.
The three-day show is playing host to top developers across India with thousands of various properties ranging from apartments, villas, row houses, plots, commercial to retail properties to suit their budget.