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

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.