Adani Group’s Mah-Hill Properties Acquires Prime Malabar Hill Land for ₹170 Crore

Mah-Hill Properties Pvt Ltd, a subsidiary of the Adani Group, has expanded its portfolio with the acquisition of a prime land parcel in the prestigious Malabar Hill area of South Mumbai for ₹170 crore, according to property registration documents. The transaction involved the transfer of ownership of over 48,000 sq ft of land from Behram Nowrosji Gamadia, which also includes a 257 sq m structure. Records indicate that this property boasts a rich history, with ownership rooted in the pre-independence era and passed down through the Gamadia family.

Dharavi Redevelopment Project Pvt Ltd Renamed Navbharat Mega Developers Pvt Ltd

Dharavi Redevelopment Project Pvt Ltd (DRPPL) has rebranded as Navbharat Mega Developers Pvt Ltd (NMDPL), reflecting a broader vision for the Dharavi redevelopment. The name change, approved by the Board and Ministry of Corporate Affairs, aims to underscore the project’s scale while maintaining the government’s central role in overseeing the initiative.

Will These Three Major Redevelopment Projects Change Mumbai’s Fortune?

Mumbai is on the brink of a major transformation with ambitious redevelopment projects in Dharavi, Kamathipura, and BDD Chawl. These initiatives aim to modernize the city’s infrastructure, improve living conditions, and address historical and social challenges, promising to significantly alter Mumbai’s urban landscape and real estate dynamics.