L &T Realty Ltd, the real estate unit of India\u2019s largest engineering company Larsen and Toubro, has secured approval to develop a special economic zone (SEZ) in north Bengaluru, though its focus will be on projects in west India, said a company official.<\/p>\n
The Mumbai-based firm plans to develop around 3 million sq. ft of commercial office space in the SEZ, which is part of a large mixed-use development with total developable potential of 9 million sq. ft, and also has a residential township.<\/p>\n
Earlier this week, L&T Realty, which has a portfolio of nearly 50 million sq. ft of ongoing and upcoming projects, said it will sell its 51% stake in a 92-acre township project in Siruseri, Chennai, to investment firm Pragnya Advisors Pvt. Ltd for Rs190 crore, as part of its strategy to exit most property markets outside western India.<\/p>\n
<\/p>\n
Read more:\u00a0Live Mint<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" L &T Realty Ltd, the real estate unit of India\u2019s largest engineering company Larsen and Toubro, has secured approval to develop a special economic zone (SEZ) in north Bengaluru, though its focus will be on projects in west India, said a company official. The Mumbai-based firm plans to develop around 3 million sq. ft of\u2026 Read More »<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,2],"tags":[214,116],"class_list":["post-1404","post","type-post","status-publish","format-standard","hentry","category-bangalore","category-city","tag-lt-realty-ltd","tag-sez"],"_links":{"self":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/comments?post=1404"}],"version-history":[{"count":1,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1404\/revisions"}],"predecessor-version":[{"id":1405,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/posts\/1404\/revisions\/1405"}],"wp:attachment":[{"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/media?parent=1404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/categories?post=1404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propstack.com\/news\/wp-json\/wp\/v2\/tags?post=1404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}