L&T Realty has Signed JV for Slum Rehabilitation Project in Thane with Jagdale Infrastructure

L&T Realty has Signed JV for Slum Rehabilitation Project in Thane with Jagdale Infrastructure

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2 month(s) ago

L&T Realty Partners for Slum Rehabilitation Project in Thane. L&T Realty has joined forces with Jagdale Infrastructure on a slum rehabilitation project in Thane’s Panchpakhadi area. L&T Realty has Signed a JV for the Slum Rehabilitation Project in Thane with Jagdale Infrastructure

  • Project Details:

    • Location: 12.2-acre land parcel in Panchpakhadi, Thane
    • Size: Over 3.12 million sq ft of total development potential
    • Rehabilitation Area: Minimum 12.7 lakh sq ft for slum dwellers
    • Free-Sale Area: Minimum 31.25 lakh sq ft for market sale
    • Timeline: 5 years
    • Profit Sharing: L&T Realty – 69%, Jagdale Infrastructure – 31%
  • Significance:

    • Improves living conditions for slum residents.
    • Expand L&T Realty’s presence in Thane’s growing market (established players include Oberoi, Rustomjee, and Hiranandani).
    • Contributes to Thane’s infrastructure development.
  • Financial Details:

    • Stamp Duty Paid: Rs 34.88 crore
  • L&T Realty’s Role:

    • Lead Developer
    • Design & Development
    • Construction
    • Marketing & Branding
    • Sales (Free-Sale Component)
  • Connectivity:

    • Easy access to Eastern Express Highway (EEH) and Thane Railway Station
  • Thane Market:

    • Residential property prices range from Rs 10,000 to Rs 25,000 per sq ft.

Overall, this project highlights L&T Realty’s commitment to social responsibility and its strategic expansion in the Thane real estate market.

Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, The image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article or want to publish your news or article please email news@jvdeals.in

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