Mumbai: Adani, L&T and Naman Developers bid for Motilal Nagar redevelopment

News Image

Two top developers, Godrej Properties and Bengaluru-based Prestige Group, formally protested and wrote to Mhada about a controversial clause in the tender which makes most builders ineligible for the huge contract.

 

Mumbai : Only three construction firms, Adani, L&T and Naman Developers, have submitted bids to redevelop Mumbai’s largest housing project, Motilal Nagar in Goregaon (west), worth Rs 35,000 crore.

 

Last Sunday, TOI had reported that many builders have complained that the tender floated by the state housing authority, Mhada, has been rigged and tailor-made to benefit a select few developers.

 

“The three bids received will be scrutinised over the next few days and a decision will be taken soon,” said Yogesh Mhase, chief of Mhada’s Mumbai board.