India, April 4 -- Mah-Hill Properties Pvt Ltd, a subsidiary of the Adani Group, has acquired over 48,000 sq ft of land in South Mumbai's Malabar Hill for Rs.170 crore, according to property registration documents accessed by CRE Matrix.

Behram Nowrosji Gamadia sold the land and a 257 sq m structure. Records indicate that the property is a legacy asset, with ownership dating back to pre-independence through the Gamadia family.

The total area of the land is 48,491 sq ft, and the purchase transaction was officially registered on March 27, 2025.

The documents show that a stamp duty of Rs.10.46 crore and a registration fee of Rs.30,000 were paid to purchase the land.

According to local brokers, this is one of the rarest bungalow plots near...