L&T Realty

L&T Realty Developers Ltd, a subsidiary of L&T, has agreed to sell its complete stake in Think Tower Developers Pvt Ltd, the engineering and construction conglomerate said on Thursday. The agreement is expected to complete on January 30, which is subject to the completion of closing conditions. "L&T Realty Developers Ltd, a wholly owned subsidiary of Larsen & Toubro Ltd, has entered into an agreement to sell its entire stake of 99 per cent in Think Tower Developers Private Ltd, a subsidiary company (TTDPL), on January 5," Larsen and Toubro (L&T) said in a regulatory filing. TTDPL will cease to be a subsidiary company, the filing added. "The entire stake held by L&T Realty Developers Ltd in the company is being sold to Pratik Harshad Kalsariya, who does not belong to the promoter group," the company said.

L&T will build and develop the spaces, CLINT will market them; most of the projects are to be started from the second half of 2024

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.

L&T Realty on Monday said it has signed agreements to jointly develop projects worth Rs 8,000 crore in Mumbai region as part of its expansion plan. L&T Realty is the real estate development arm of Larsen & Toubro. "The company has entered into a binding agreement to jointly develop projects in South Mumbai, Western Suburbs and Thane worth Rs 8,000 crore, with development potential of 4.4 million square feet," L&T Realty said in a statement. The company did not disclose the name of companies with whom it has signed agreements. L&T Realty said this is a part of the company's larger plan to strengthen its footprint in major metros by adding around 5 million square feet per year over the next five years. Shrikant Joshi, MD & CEO, L&T Realty said,We are committed to expanding our reach and continue looking into new markets." The South Mumbai project will be developed over a land parcel of 5 acres. This residential complex will have 50-storey twin towers with ...

Firm is 'very cautious' on partnering stressed realty players as there is very high risk

The company plans to launch three malls of 1.2 million sq ft in Hyderabad in the next six months

The Madras High Court has restrained L&T Realty Limited to sell its stake in L&T South City Projects. The development comes in a petition by Aditya Birla Real Estate Fund, which is one of the shareholders in the project.L&T Realty Limited executed Share Purchase Agreement for sale of its 51 per cent stake in L&T South City Projects Private Limited to Pragnya Group, an investment firm. The stake sale estimated to be around Rs 190 crore. Limited scalability of the business in the project for L&T Realty Ltd, was the rationale behind the sale, said the company.Meanwhile, the company in a disclosure to the Stock Exchange said that the third shareholder Aditya Birla Real Estate Fund has filed an application under Section 9 of the Arbitration & Concillation Act 1996 in the High Court of Madras.The Court has passed an interim order restraining the company from giving effect to the transfer of shares by L&T Reality to Pragnya till disposal of the arbitration ...