Benagluru's top developers bid for L&T land in a deal worth Rs 8-10 bn

Top developers in Bengaluru such as Salarpuria Sattva have bid for a land parcel of 14 acres being sold by engineering and construction giant Larsen & Toubro (L&T) in the city, said sources.

The land parcel is estimated to fetch the company between Rs 8 billion and Rs 10 billion. The land has development potential of 4 million square feet, and it could become the largest land deal in south India this year. 

“The land is close to (Bengaluru) airport and has good development potential to build a commercial property. That’s why many big developers have shown interest in the plot,” said