L&T Realty, CapitaLand tie up to develop 6 mn sq ft of prime office space

L&T will build and develop the spaces, CLINT will market them; most of the projects are to be started from the second half of 2024

L&T Realty, the real estate development arm of L&T and Singapore-listed CapitaLand India Trust Management Pte. Ltd, trustee-manager of CapitaLand India Trust (CLINT), have entered into a non-binding term sheet to set up a commercial platform for developing six million square feet of prime office space in Bengaluru, Chennai and Mumbai.

Through this platform, L&T will build and develop the office spaces, while CLINT will market them.

According to CLINT, most of the projects are to be started from the second half of 2024. CLINT has planned to acquire the ownership of these properties in a phased manner, said the