L&T Realty and CapitaLand to develop 6 million sq ft office space
The real estate arm of L&T group, L&T Realty has entered into an agreement with Singapore-listed CapitaLand India Trust Management. The agreement is to set up a commercial platform to develop nearly 6 million sq ft office spaces across Mumbai, Bengaluru, and Chennai.
A statement said that CapitaLand will invest around USD 1 billion from the second half of 2024 till the end of 2026 to acquire these assets depending on the prevailing rental in the market.
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