L&T Realty Mulund Project coming to develop residences at Mumbai.
L&T Realty, the real estate development wing of Larsen & Tourbo, has got into an alliance with Nirmal Lifestyle Group to develop a nearly 20-acre land parcel on LBS Marg in Mumbai’s north-central suburb of Mulund in collaboration. The said development will be financed by L&T Finance and expected to be utilized for the project which can be developed to a saleable potential of around 3 million sq ft. which can fetch an estimated revenue of Rs 5,500 crore over the next 7-8 years.
Nirmal Lifestyle Group has stated that the company has balance development potential in excess of 1 crore sq ft. in Mulund and is contemplating to arrange more partnerships like this. Dharmesh Jain revealed that the company is in talks to carry out more partnerships like the present one henceforth.
The agreement between Nirmal Lifestyle Group and L & T Realty was confirmed by the later. On March 23 a report appeared that the developer was in the lookout to monetise its land parcels and is keen on a joint development pact as this will help it get future revenues in addition to an upfront payment. The developer had acquired the said land parcel in Mulund (West) from another Mumbai-based realty developer in the year 2005.
L&T Rejuve 360 Mulund is upcoming residences to develop by L&T Realty in Mumbai.
L&T Realty Mulund Project Overview
- Type : Residential Apartments
- Configuration : 2 & 3 BHK
- Size: NA
- Area : 5 acres
- Towers : 5
- Floors : 50
- Location: Mulund West Mumbai, Maharashtra
L&T Rejuve Mulund Mumbai Price
|Unit Type||Carpet Area||Pre-Launch Price|
|2 BHK||650 Sq.ft||1.55 Cr*|
|2.5 BHK||900 Sq.ft||On Request|
|3 BHK||1050 Sq.ft||On Request|
|3.5 BHK||1200 Sq.ft||On Request|