Bengaluru, July 7 -- Adani Properties, the real estate firm of Adani Group, on Monday signed an agreement with state agency Maharashtra Housing and Area Development Authority (Mhada) for the redevelopmentof Motilal Nagar in suburban Mumbai's Goregaon (West).

Mahada has appointed the Adani Group firm as the construction and development (C&D) agency for implementing the redevelopment of its Motilal Nagar 1, 2 and 3 colonies.

In March, Adani Properties emerged as the highest bidder for the Rs.36,000-crore project that spans across 142 acres in the city, outbidding L&T Realty.The project will be Adani's second largestredevelopment project after the mega Dharavi slum redevelopment project in Mumbai.

The Dharavi project is being developed by...