L&T Construction to develop New Cuffe Parade project of Lodha

The project will entail an investment of around Rs 10,000 crore from the Lodhas over the next 5 to 7 years, one of the largest investments in Mumbai

L&T Construction today said it has bagged a contract from Lodha Developers to construct its residential project 'New Cuffe Parade' here, which would entail an investment of around Rs 10,000 crore.

L&T Construction's Buildings and Infrastructure (B&F) division will be constructing this project using advanced technique, the company said in a statement.

Spread over 23 acres, the project will entail an investment of around Rs 10,000 crore from the Lodhas over the next 5 to 7 years, making it one of the largest private investments in the Mumbai metropolitan region, it said.

In its first phase, 'New Cuffe Parade' will comprise four 63-storey towers with over 15 acres dedicated for lush green landscape, the statement said.

"B&F IC has been offering pioneering solutions in residential buildings that cover design and construction of large townships and high-rise apartments. The company will be finishing construction of 63-storey towers in record time," it said.