L&T REALTY BKC — New Project Coming Up in Bandra-Kurla Complex, Mumbai
Major Mixed-Use Development Takes Shape in Mumbai's Business District
L&T Realty has signed a binding agreement with Valor Estate (formerly DB Realty) to co-develop a major project worth over Rs 20,000 crore on a 10-acre land parcel in Mumbai's Bandra-Kurla Complex (BKC). The mixed-use development, situated next to the upcoming Bombay High Court complex, has a total development potential of over 7.5 million square feet.
Integrated Residential, Commercial, and Hospitality Components
The project will feature a mix of premium housing, commercial spaces, and five-star luxury hotel which boasts 1,000 rooms. This composition positions the development as a self-contained urban hub, combining residential living with business and hospitality amenities within Mumbai's premier office and financial district.
Land Acquisition and Rehabilitation Timeline
The 10-acre plot is part of a larger 13-acre area, currently home to approximately 5,500 families living in slums. These families will be rehabilitated as part of the development. Valor Estate is tasked with vacating the land and obtaining necessary development approvals, expected to take 12-18 months. The entire project, including rehabilitation, is projected to be completed within 5-6 years.
Context: Bandra-Kurla Complex as Mumbai's Financial Hub
The Bandra Kurla Complex is a planned commercial complex in the suburbs of the Indian city of Mumbai. According to MMRDA, the complex is the first of a series of "growth centres" created to "arrest further concentration" of offices and commercial activities in South Mumbai. It is expected to decongest southern Mumbai and seed new areas of planned commercial real estate in the metropolitan region. Bandra Kurla Complex (BKC) is Mumbai's premier business district, hosting numerous multinational corporations, financial institutions, and corporate offices.
About L&T Realty
L&T Realty was formally incorporated in 2011 as the real-estate arm of Larsen and Toubro — itself a USD 32 billion conglomerate whose eight-decade record spans infrastructure, defence, heavy engineering, and aerospace. Headquartered in Mumbai, L&T Realty operates across both the B2B and B2C segments, with residential and commercial projects in cities including Mumbai, Bengaluru, Chennai, Hyderabad, Kolkata, Delhi NCR, Faridabad and Vadodara. Since its inception in 2011, L&T Realty has delivered over 4.4 million sq.m. of residential, commercial and retail spaces across Mumbai, Navi Mumbai, Bengaluru, Hyderabad, Chennai and the NCR, with landmark developments such as L&T Seawoods, L&T Emerald Isle and Crescent Bay already recognised as landmark properties.