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Adani Group Bags Largest Land Deal with HDIL
 

Mumbai: Ahmedabad based Adani Group has struck India's largest land deal with the Housing Housing Development and Infrastructure (HDIL) for Rs 2,250 crore for developing a commercial and retail hub in the Bandra-Kurla Complex (BKC).

This land deal involves the sale and development of over 2.1m sq ft of land (around 48 acres) at BKC. This project will be jointly done by the Adani Group and HDIL over the next few years. Plans are also there for starting a commercial complex, retail zone, multiplexes, hotels and service apartments.

The changing trend of India is now witnessing the upcoming demand for property with the prices reaching the sky. This is a landmark deal and is going to set the tone for the dynamic growth plans across India.

Once the work gets in motion, the estimated time for completion is two years. As per the agreement, the company will sell space after developing the property. Adani Group is making its stand felt in real estate in a big way with plans already underway for setups in Mumbai and Ahamadabad. The company also plans to set up several townships in Gujarat. The group is all set to reorganize its different businesses bringing them all under four major segments; real estate and retailing, energy, metals, and agri-products.

With the wave of changing that is around the Indian real estate world is soon going to witness a dynamic makeover.

 
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