LT Realty to develop 6 million square feet prime office spaces in India

9 Nov 2022 , 01:33 AM

LT Realty the Real Estate Development arm of LT and Singapore-listed CapitaLand India Trust Management trustee-manager of CapitaLand India Trust CLINT have entered into a non-binding term sheet for a commercial platform to develop close to 6 million square feet 056 million square metres of prime office spaces across Bengaluru Chennai and Mumbai in India Under this platform LT will build and develop office spaces – while CLINT will market the office spaces Depending on the completion of these developments CLINT expects majority of the capital commitment for the projects to start from 2H 2024 onwards CLINT will acquire the ownership of these properties in a phased manner