Engineering and construction major Larsen & Toubro has sold pre-leased office space spread across three floors in L&T Business Park-TC-IV in Mumbai's Powai suburb to National Realty for nearly INR 81 crore. L&T sold this office with nearly 37,527 sq ft carpet area immediately after leasing it to CitiusTech Healthcare Technology at an annual rent of INR 7.40 crore.
National Realty, earlier known as National Leasing, is engaged in the business of acquiring properties, mainly commercial, and leasing the same to corporates and banks.
Besides the 9th, 10th, and 11th floors of the commercial tower from L&T, National Realty has also received exclusive access to a total 54 car parking slots as part of the deal.
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