L&T Realty Developers Limited, part of Larsen and Toubro, has acquired land rights for an estimated 448 INR-Crore to develop a premium Grade A commercial tower in Lower Parel, Mumbai. Located on Elphinstone Road, the site sits within a prime business corridor of central Mumbai.
Additionally, the project spans an anticipated 1.34 Acres of land parcel. The proposed tower will feature 3 basements, a ground floor, six podium levels, and 28 office floors. Each floor will offer efficient floor plates of approximately 14,000 SqFt of carpet area. Furthermore, L&T will hand over 55,000 SqFt of Rera carpet commercial space along with proportionate car parking spaces to the landowner, strengthening its commercial presence in Mumbai.
Read more: L&T wins ‘significant’ order for Hyderabad Radial Road Phase-2 Project
The development will also feature amenities such as a creche, a business lounge, and food and beverage outlets. The construction timeline is estimated at 36 months. Through this acquisition, L&T is expanding its commercial footprint in Mumbai with a large-scale office development.
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Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, the image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
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