The Top 50 Real State & Infra Company- RANK 29, L&T Realty, Shrikant Joshi, CEO & MD
L&T Realty, the property development arm of construction and engineering giant L&T, is betting on bigger projects, lower pricing and faster execution to boost its growth. Last year, the company announced plans to launch three malls of 1.2 million sq-ft in Hyderabad in the next six months. The total project size would be 18.5 million sq-ft and would be a part of a metro station development.
Last year, L&T Realty sold its 1 million sq-ft mall in Seawoods station in Navi Mumbai to Blackstone for Rs 1,400 crore. The total project size was 2.6 million sq-ft. In 2015, it sold its 1.5 million sq-ft commercial property project in Chandigarh to the Carnival group for Rs 1,785 crore. As of today, L&T Realty is present across West, South and North India with many residential, commercial and retail projects. Committed to create landmarks of excellence, it has built business parks, transit oriented development like the Navi Mumbai – Seawoods Grand Central, and many other such coveted residential buildings and complexes.
As of today, L&T Realty is present across West, South and North India with many residential, commercial and retail projects.