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L&T secures construction contracts worth Rs 579 crore

06 Dec 2011 Evaluate

Mumbai-based Omkar Realtors & Developers has awarded construction contracts worth Rs 579 crore to Larsen and Toubro (L&T) for three of its SRA projects making it one of the large chunk of slum rehabilitation projects in the Mumbai market to be handled by the construction major.

Out of the three projects, located at Worli, Malad and Parel, the construction contract for the Malad project is worth Rs 268 crore with Worli and Parel projects accounting for Rs 137 crore and Rs 174 crore  respectively. All the three projects contracted to L&T would result in complete rehabilitation of slum dwellers. 

Omkar Realtors, one of the leading players in the SRA and redevelopment segment in the Mumbai region is targeting to develop 20 million square feet in the city by 2015. This would include a mix of residential and commercial development projects with the company, which is also focusing on luxury residential segment.

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