L&T Realty develop projects worth Rs 80 bn in Mumbai

A binding agreement has been reached by L&T Realty, the real estate division of Larsen & Toubro, to jointly build projects in Thane, South Mumbai and the Western Suburbs for a total of Rs 80 billion, with a development potential of 4.4 million square feet.

This is part of the company's larger strategy to increase square footage in key metropolitan areas by approximately 5 million square feet per year over the next five years.

Five hectares of land will be used to create the residential complex in South Mumbai, with two towers with 50 floors each. The residential development in the western suburb of Andheri would have 20 floors and a shopping center.

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