L&T Realty, a division of Larsen & Toubro that specialises in real estate development, and CapitaLand India Trust Management, the trustee-manager of CapitaLand India Trust, have agreed to establish a commercial platform for the development of nearly 6 million square feet of office space throughout Mumbai, Bengaluru, and Chennai. Depending on the prevailing rental in the market, CapitaLand will invest roughly $1 billion from the second half of 2024 through the end of 2026 to acquire these assets.
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Note: The above-mentioned news was first published by us in our ProjectX India | 15th November 2022 edition.
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