India, July 7 -- Adani Group has secured its third major project in Mumbai, the Motilal Nagar redevelopment in Goregaon (West), following the Dharavi redevelopment and the Bandra Reclamation land deal.

On July 7, the Maharashtra Housing and Area Development Authority (MHADA) announced that it has signed a redevelopment agreement with the Adani Group for the Motilal Nagar 1, 2, and 3 colonies project.

This marks Adani Group's third major real estate project in the city, following the Dharavi redevelopment and the acquisition of 17 acres in Bandra Reclamation. The Motilal Nagar project is estimated to cost around Rs.36,000 crore.

With this agreement, the Adani Group has been formally appointed as the Construction and Development (C&D) ag...