The assets include a commercial property known as ‘Inspire BKC’ in Mumbai’s business district Bandra-Kurla Complex and a land parcel in Kalyan Shahad on the outskirts of Mumbai. Adani Properties was found to be the only bidder to make Insolvency and Bankruptcy Code (IBC)-compliant proposal for both the properties.
Maharashtra: 5 facts on GTB Nagar redevelopment, home to 1,200 Sindhi refugee families
BMC declared the GTB Nagar buildings unsafe in 2020 and demolished them. Under MHADA’s redevelopment, 1,200 families will get 635 sq. ft. flats