January 22, 2017 1:57 PM ET

Real Estate Management and Development

Company Overview of L&T Realty Private Limited

Company Overview

L&T Realty Private Limited engages in real estate development. It develops and builds corporate offices; retail, hospitality, leisure, and entertainment projects; and residences. The company was incorporated in 2007 and is based in Mumbai, India. L&T Realty Private Limited operates as a subsidiary of Larsen & Toubro Limited.

L&T Business Park

Tower A

Gate No. 5

Saki Vihar Road

Mumbai,  400072

India

Founded in 2007

Phone:

91 22 6705 9000

Fax:

91 22 6705 8903

Key Executives for L&T Realty Private Limited

L&T Realty Private Limited does not have any Key Executives recorded.

L&T Realty Private Limited Key Developments

Blackstone Reportedly In Talks To Acquire Seawoods Mall From L&T Realty

According to Moneycontrol.com L&T Realty Private Limited is in talks with The Blackstone Group L.P. (NYSE:BX) to sell Seawoods Mall in Navi Mumbai for INR 12 billion to INR 15 billion.

L&T Realty Looks For Partners In Bengaluru Navi Mumbai Projects

L&T Realty Ltd is looking to bring in a development partner and investor in a couple of its projects in Bengaluru and Navi Mumbai as it seeks to monetise its retail mall portfolio and use some of the land to build offices. L&T Realty is looking at a strategic investor in the 1 million sq.ft. of retail development. “As a policy, we don’t plan to run malls and want to monetise them, though we continue to build them in our projects. In the Hebbal project, we are thinking of bringing in a joint venture partner because our office portfolio is already large and we have big obligations and so we are trying to strike a balance. We are hoping to conclude these transactions next year. In Seawoods, we are talking to investor partners, but we want someone who will be a worthy successor,” Shrikant Joshi, Chief Executive Officer L&T Realty of said. “Our strategy for next year will be continue building projects we have, selectively look at joint venture partnerships with outstanding partners and to monetise the land that we already have,” Joshi said.

Blackstone Group Reportedly In Talks With L&T Realty To Buy Seawoods Retail Space

The Blackstone Group L.P. (NYSE:BX) and two more entities are reportedly in talks with L&T Realty Private Limited to acquire more than 1 million square feet of retail space at Seawoods in Navi Mumbai. L&T Realty, the real estate development arm of Larsen & Toubro, is eyeing close to INR 15 billion from this transaction, which is part of a strategy to exit noncore businesses.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 14, 2016
One million square feet mall in Seawoods area of Navi Mumbai
 

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