L&T, Adani, Naman Developers submit bids to redevelop Motilal Nagar
Real Estate

L&T, Adani, Naman Developers submit bids to redevelop Motilal Nagar

Adani, L&T and Naman Developers have presented proposals to redevelop the largest residential project in Mumbai, Motilal Nagar in Goregaon (west), at Rs 35,000 crore.

Many builders have complained that the bids invited by the state housing authority, MHADA, have been rigged and tailor-made to benefit some developers. The three proposals obtained will be analysed over the coming few days, and a decision will be taken shortly, according to the chief of MHADA’s Mumbai board, Yogesh Mhase.

Two leading developers, Godrej Properties and Bengaluru-based Prestige Group, formally objected and wrote to MHADA regarding a controversial clause in the bid, which makes most builders unqualified for the major agreement. The clause states that only developers with a net worth of not less than Rs 9,000 crore as of March 31, 2021, can be eligible.

The clause in the tender was compulsory as MHADA was only following Central Vigilance Commission policies. According to them, the guidelines mandate that the bidder’s net worth should be at least 30% of the project value.

Godrej Properties claimed in a letter to MHADA that the qualifying factor of Rs 9,000 crore is discriminatory and eliminates other bidders, comprising Godrej.

It will additionally serve as an undue benefit to a handful of entities who may not even have the required on-ground experience to deliver housing, accommodation or rehabilitation, said the letter. Motilal Nagar was constructed in the 1960s as a rehabilitation and resettlement colony for residents displaced from different areas in the city and suburbs.

Image Source

Adani, L&T and Naman Developers have presented proposals to redevelop the largest residential project in Mumbai, Motilal Nagar in Goregaon (west), at Rs 35,000 crore. Many builders have complained that the bids invited by the state housing authority, MHADA, have been rigged and tailor-made to benefit some developers. The three proposals obtained will be analysed over the coming few days, and a decision will be taken shortly, according to the chief of MHADA’s Mumbai board, Yogesh Mhase. Two leading developers, Godrej Properties and Bengaluru-based Prestige Group, formally objected and wrote to MHADA regarding a controversial clause in the bid, which makes most builders unqualified for the major agreement. The clause states that only developers with a net worth of not less than Rs 9,000 crore as of March 31, 2021, can be eligible. The clause in the tender was compulsory as MHADA was only following Central Vigilance Commission policies. According to them, the guidelines mandate that the bidder’s net worth should be at least 30% of the project value. Godrej Properties claimed in a letter to MHADA that the qualifying factor of Rs 9,000 crore is discriminatory and eliminates other bidders, comprising Godrej. It will additionally serve as an undue benefit to a handful of entities who may not even have the required on-ground experience to deliver housing, accommodation or rehabilitation, said the letter. Motilal Nagar was constructed in the 1960s as a rehabilitation and resettlement colony for residents displaced from different areas in the city and suburbs. Image Source

Next Story
Infrastructure Urban

Aadhaar Authentications Cross 27 Billion in FY25

Aadhaar authentication transactions surged past 27.07 billion in FY 2024–25, including 2.47 billion in March alone, reflecting its growing adoption across sectors such as banking, finance, telecom, and public service delivery. Since its inception, the cumulative number of Aadhaar authentication transactions has exceeded 148 billion.The Unique Identification Authority of India’s (UIDAI) AI/ML-based face authentication technology is also witnessing a sharp rise in usage. In March 2025 alone, over 150 million face authentication transactions were recorded. This biometric modality is now used ..

Next Story
Infrastructure Urban

IEPFA Holds Preparatory Meet for 'Niveshak Shivir' Initiative

The Investor Education and Protection Fund Authority (IEPFA), under the Ministry of Corporate Affairs, Government of India, hosted a preparatory meeting on April 28, 2025, with Nodal Officers from stakeholder companies via video conference. The session, chaired by IEPFA CEO Smt. Anita Shah Akella, focused on finalising operational plans for the upcoming ""Niveshak Shivir"" initiative—a joint effort between IEPFA and the Securities and Exchange Board of India (SEBI).""Niveshak Shivir"" aims to improve investor services and streamline the claims process by reaching out to cities with a high nu..

Next Story
Infrastructure Urban

India, France Sign Deal for 26 Rafale-Marine Jets for Navy

India and France have signed an Inter-Governmental Agreement (IGA) for the acquisition of 26 Rafale-Marine aircraft for the Indian Navy, comprising 22 single-seater and four twin-seater jets. The deal also includes training systems, simulators, associated equipment, weapons, and performance-based logistics, along with additional equipment for the Indian Air Force’s existing Rafale fleet.The IGA was signed by India’s Defence Minister Rajnath Singh and French Minister of Armed Forces Sébastien Lecornu. The agreement, along with supply protocols for aircraft and weapons, was exchanged in the..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?