Adani to invest Rs 1L cr in redevelopment work

MUMBAI: Adani Properties, part of the Adani Group, will invest over Rs 1 lakh crore or over $10 billion to redevelop Motilal Nagar spread over 143 acres in Mumbai’s western suburb Goregaon (West), making it the second largest urban renewal investments in the country after Dharavi redevelopment project.The investment will be deployed over a more than 10-year execution period, covering rehabilitation housing over 21 buildings and 30 amenities, supporting public infrastructure, share of MHADA housi...