L&T to construct Brigade Gateway Residences worth ₹5,000 crore in Hyderabad, Chennai

The stock of L&T has witnessed a solid rise by climbing nearly 2.4% on 21st March on the BSE with the announcement of getting a deal between RS 2,500 Crore & RS 5,000 crore with Brigade Group. Under this partnership, the engineering and infrastructure Conglomerate Company Larsen & Toubro will construct the Brigade World Trade Center and Brigade Gateway Residences at Kokapet and Neoplois, respectively.

The trade center will also consist of a five-star hotel and a retail space. That’s not all; the company will also be involved in constructing two projects, including Brigade Altius and Brigade Morgan Heights in Chennai City.

According to a stock market news from L&T, a design and build base will be used to complete all the projects.It is the largest residential project they have received from a private company. The details of all projects are as follows:

Project details

Brigade World Trade Centre, Neopolis

It is a commercial tower with an overall height of more than 200 metresand will be the city's tallest mixed-use development.

Brigade Gateway Residences, Neopolis

This property will include two luxury towers that can be one of the tallest buildings in Hyderabad. The configuration of these gateway residences will be 5B+G+57 floors.

Brigade Morgan Heights, Chennai

It is a luxury building with 10 towers, four parking levels, and apartment floors.

Brigade Altius, Chennai

Brigade Altius will be one of the tallest developments in Chennai, including three signature towers, a configuration of six parking levels, and thirty-nine apartment floors.

L&T Share Price

The share’s price reached RS 3,423 by rising 2.4% on the Bombay Stock Exchange on 21st March. It is widely expected that the investors will get a great return this year from the stock market, considering the multiple projects around the country.