L&T Realty and CapitaLand India Trust Agree to Develop 0.56 Million M² of Office Space

News about CapitaLand India Trust

Indian developer L&T Realty and CapitaLand India Trust have agreed to develop close to 6 million square feet (or about 0.56 million square metres) of prime office spaces across Bengaluru, Chennai and Mumbai:

Under this platform, L&T 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.

CapitaLand India Trust
Price1.140 SGD
NAV66.720 INR
Yield (4 quarters)6.91%
Gearing37.0%