L&T's arm transfer 15 acres land parcel
The subsidiary of Larsen and Toubro (L&T), L&T Metro Rail (Hyderabad) has entered into a pact with Brookfield Group to transfer around 15 acres of land parcel in the Hyderabad Information Technology and Engineering Consultancy City (HITEC City). The land parcel includes the ready commercial tower to be transferred to the global institutional investor, Brookfield Group.
As per the pact, land parcels will be transferred through a nearly 50-year lease for a total deal value of around Rs 1,020 crore.
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