L&T’s arm eyes revenues of Rs 3,200 crore from Navi Mumbai project

15 May 2019

Larsen & Toubro’s (L&T) real estate arm -- L&T Realty is eyeing revenues of Rs 3,200 crore from an upcoming project in Navi Mumbai. The first transit-oriented development in India coming up near the Seawoods Darave railway station has a development potential of 1.5 million sqft and will be developed in a phased manner.

For the first phase, the company has received nearly 1,800 booking applications from home buyers for 500 units offered.

L&T is an Indian multinational engaged in technology, engineering, construction, manufacturing and financial services with over $18 billion in revenue.

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