The Bombay High Court dismissed PILs against Adani Properties' 24-acre Bandra Reclamation commercial project, ruling the land falls outside CRZ restrictions and clearing major legal hurdles for Mumbai's coastal development.

The Blackstone Group is close to buying Adani Realty's Inspire BKC, a high-profile commercial real estate project on Mumbai's Bandra-Kurla Complex (BKC) fringes. The 800,000-square-foot office skyscraper is expected to cost the US private equity behemoth between Rs 1,800 crore and Rs 2,000 crore.