L&T Realty and Singapore-listed CapitaLand India Trust Management have entered into a non-binding term sheet for a commercial platform to develop close to 6 million square feet of prime office spaces across Bengaluru, Chennai and Mumbai in India. Under this platform, L&T will build and develop office spaces while CapitaLand will market the office spaces. Depending on the completion of these developments, CapitaLand expects majority of the capital commitment for the projects to start from 2H 2024 onwards. CapitaLand will acquire the ownership of these properties in a phased manner.
Contact: L&T Realty
Website: www.lntrealty.com