L&T Realty, the property development arm of Larsen & Toubro, has entered into a binding agreement with Valor Estate, to develop a mixed-used project in Mumbai’s Bandra-Kurla Complex (BKC).
The estimated cost of this upcoming project by L&T in BKC is INR 20,000 Crore. Spanning over 10 Acres of land parcel, it features premium housing, commercial spaces, and a 1,000-key five-star luxury hotel. Valor Estate will entirely own the proposed luxury hotel.
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This mixed used project by L&T in BKC will have a total development potential exceeding 7.5 Million-SqFt. The land parcel is adjacent to the upcoming Bombay High Court complex. Both companies expect to complete the entire project, including rehabilitation work, over the next 5-6 years. Additionally, Valor Estate is in advanced talks with international hotel brands for a 30-year operating agreement for the luxury hotel, which will be part of the larger layout on this land.
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Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
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