L&T, Valor Estate Join Hands for ₹20,000 Cr Mumbai Mega-Project

L&T Realty has partnered with Valor Estate to develop a monumental Rs 20,000-crore project in Mumbai’s Bandra-Kurla Complex (BKC). The venture spans a 10-acre parcel adjacent to the upcoming Bombay High Court complex. This mixed-use development will feature premium housing, commercial spaces, and a 1,000-key five-star luxury hotel. The project, with a total development potential of over 7.5 million sq. ft., will see L&T Realty and Valor Estate share the area in a 58:42 ratio, respectively, with Valor Estate exclusively owning the hotel.

The site, part of a larger 13-acre plot, currently houses 5,500 slum-dwelling families who will be rehabilitated as part of the initiative. Valor Estate is tasked with vacating the land and securing necessary approvals, a process anticipated to take 12 to 18 months. The complete development, including rehabilitation, is projected to conclude within five to six years.

This agreement follows a similar deal Valor Estate struck with Macrotech Developers for a residential project in Malad West, underscoring Valor’s strategic expansion in Mumbai’s real estate market. This collaboration promises to redefine luxury living and commercial spaces in the bustling city.

News by Rahul Yelligetti