L&T Realty banks on large projects

L&T Realty, the property development arm of construction and engineering giant L&T, is betting on bigger projects, lower pricing and faster execution to boost its growth.

The company plans to launch three malls of 1.2 million sq ft in Hyderabad in the next six months. The total project size would be 18.5 million sq ft and it would be a part of a metro station development.

Last year, L&T Realty sold its 1 million sq ft mall in Seawoods station in Navi Mumbai to Blackstone for Rs  1,400 crore. The total project size was 2.6 million sq ft.

In 2015, it sold its