Under this platform, L&T will build and develop office projects, while CLINT will market them. Depending on the completion of these developments, CLINT expects a majority of the capital commitment for the projects to start from the second half of 2024. CLINT will acquire the ownership of these properties in a phased manner.
Sanjeev Dasgupta, CEO of the trustee-manager informed that the proposed commercial platform with L&T provides CLINT an opportunity to scale up its presence across three major cities in well-established micro-markets. L&T’s strong track record in project development and CLINT’s extensive customer network and leasing capabilities will create synergies across the platform.