Adani group on a fast track; several projects lined up
In a move which is a clear indication of the fact that the Rs 50,000-crore Adani group is on a fast track, the company has recently revealed that it has acquired the Dharma port for Rs 4,400 crore.
The announcement of the Dharma port acquisition by the Adani group was made on the day when the results of the 2014 general elections gave Prime Minister Narendra Modi an emphatic victory.
One week after the announcement of the Dharma port acquisition, the launch of a new luxury residential project was announced by Adani Realty, which is the real estate division of the Adani group. The new project has been launched in Mumbai’s plush Four Bungalows area, a western suburb.
About the project, Adani Realty said that the project sprawls over a two-acre land which was purchased by the Adani group from Mumbai developer HDIL for Rs 900 crore. Revealing that the project will comprise 3 towers of 29 storeys each, the company said that the project promises “the privilege of being up and away.”
According to unidentified sources, the launch of the new residential project in Mumbai was only one of Adani’s numerous forthcoming projects. Sources claimed that Adani – along with its joint venture partner Marathon – has plans underway to launch another luxury, “by invitation only” project in Mumbai’s Byculla area. The project is called Monte South.
Source: Business Standard
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