Engineering & construction giant, Larsen & Toubro (L&T), is mulling to set up one of the largest residential projects in Mumbai, measuring up to two million square feet over 20 acres of vacant land on its Powai campus in Mumbai.
With the residential real estate prices in Powai and adjoining areas estimating to be around Rs 25,000 per square feet, the project is estimated to fetch Rs 5,000 crore in sales. However, with the construction cost, being at Rs 2,500-3,000 per square foot, the company is estimated to spend only Rs 500-600 crore.
Larsen & Toubro is the biggest legacy of two Danish Engineers, who built a world-class organization that is professionally managed and a leader in India's engineering and construction industry.
