L&T Realty plans expansion for growth, signs $1-billion projects in Mumbai

Larsen & Toubro- (L&T-) backed real estate development arm, L&T Realty on Monday announced its expansion plans in the Mumbai market for driving growth. 

The company has signed three projects worth Rs 8,000 crore (approximately $1 billion) in prime locations such as South Mumbai, Western Suburbs, and Thane with a development potential of 4.4 million square feet. 

This development is part of the L&T Realty’s larger plan to strengthen its footprint in major metros by adding around 5 million sqft per year over the next five years.