L&T Realty eyes good revenues from Navi Mumbai project

Diversified group Larsen & Toubro's real estate arm L&T Realty is eyeing revenues of Rs 3,200 crore from an upcoming project in the satellite city of Navi Mumbai, official said May 14. The 10-acre parcel, the first transit-oriented development in India coming up near the SeawoodsDarave railway station, has a development potential of 1.5 million sqft and will be developed in a phased manner. "Bookings for the phase-I of the project have finished and we are looking at revenues of around Rs 3,200 crore, once completed," a company official said.