Larsen & Toubro (L&T) Realty is planning to launch its maiden office project in Chennai, Tamil Nadu.
The 6.85 million sq ft office project will be developed in four to five phases. In Phase-I, the company will develop around 1.2 million sq ft that is expected to be completed by 2022.
The project is coming up on 40 acre land parcel in the IT hub of Chennai that was owned by the group company, L&T Valves, which was shut down a few years ago.
The project will also have a million sq ft of residential development space. The company has received pre-leasing enquiries from global IT firms.
L&T Realty has presence in west, south and north India with many residential, commercial and retail projects.