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Opinion and Only Opinion

Monday, July 12, 2021

L&T starts plans to monetize its land holdings

 As we know L&T Metro is the first private metro in India. From day 1, since Maytas received the mandate, the revenue model had a significant component of real estate related revenue streams. Transit amenities and real estate based projects like offices, residential and mall projects are part of the project bundle.

The management had started the monetization with in-station amenities and multiplexes initially. Now, the firm is firming up office and residential projects.

Office building

Raidurg - Next to Aurobindo and opposite IKEA

Status - 1 block Structure and Cladding done.

The firm holds more land in the same area and could build a few more office blocks.

Residential units

1. Miyapur

Location - Near SMR Hi Lands on High tension rd connecting Miyapur and Nizampet (back side of Miyapur Metro)

Area- 5 acres

Units - 681

Blocks - 3 nos - 2 Cellars + G + 22 

Amenities block - 2 Cellars + G + 3

Highway facing land had been earlier identified for office development. No update as of July 2021. 

2.   Uppal

Uppal Bhagath

 Area- 5 acres

Units - 681

Blocks - 3 nos - 2 Cellars + G + 22 

Amenities block - 2 Cellars + G + 3

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