India, Jan. 3 -- The Maharashtra State Road Development Corporation (Maharashtra State Road Development Corporation) will shift its head office next week from Bandra Reclamation to Kohinoor Square in Dadar, paving the way for Adani Realty to begin development of a prime sea-facing land parcel along the Arabian Sea.

Following a prolonged legal battle, Adani Realty emerged as the successful bidder to develop the 22-acre plot, which currently houses MSRDC's head office and a casting yard. When bids were opened in February 2024, Adani Realty offered a revenue share of 22.79% to MSRDC, the highest among the bidders. Mumbai-based Larsen and Toubro (Larsen and Toubro) had quoted an 18% revenue share, while Mayfair Housing, the third bidder, was...