L&T Seawoods Residences in Navi Mumbai gains strong response from homebuyers
The real estate business of Larsen & Toubro has launched North Towers in Seawoods Residences in Navi Mumbai. The project is a part of India’s first transit-oriented development (TOD) - Seawoods Grand Central. The project has drawn strong attention from the homebuyers with over 300 expressions of interest received within the first two weeks of the launch. This carried the last year’s momentum when 500 apartments of this project were sold in a record time.
L&T Seawoods Residences, developed in an area of 10 acres, is the premium most development of Navi Mumbai. Conceptualised on the lines of the world’s best TODs, it has become the new epicenter of Navi Mumbai. The residential project is just a few steps away from Mumbai’s most popular mall, Seawoods Grand Central mall as well as the railway station. It is also in the close vicinity of the upcoming Navi Mumbai International Airport. The project enjoys a lavish bi-storeyed 20,000 sq ft state of art clubhouse along with a 3.5 acre lush green landscaped garden with a jogging track and amphitheater. These towers comprise a mix of 2 & 3 BHKs.
Larsen & Toubro is an Indian multinational engaged in engineering, procurement & construction projects, manufacturing, defence, and services with over USD 21 billion in revenue. It operates in over 30 countries worldwide.
The revenues from the entire project were estimated at Rs 3,200 crore, which roughly forms 4 per cent of the company’s FY20 revenues.
The stock of L&T closed today at Rs 1,126, with a gain of 1.12 per cent over its previous close.