L&T Realty, the real estate division of Larsen and Toubro (L&T), a prominent engineering and construction conglomerate, has achieved a significant milestone by selling out all the homes in the first phase of its inaugural residential project in Chennai. The residential project, named Avinya Enclave, is located in Manapakkam and spans seven acres of land.
In its first phase, Avinya Enclave features four towers, offering a total of 500 apartments with a mix of two, three, and four-bedroom units. The starting price for an apartment in this development is Rs 90 lakh, according to a statement from the company.
The project’s strategic location near the proposed Manapakkam Metro station and its proximity to thriving retail and commercial hubs have contributed to its appeal among homebuyers.
Shrikant Joshi, CEO and Managing Director of L&T Realty expressed pride in launching the company’s first residential project in Chennai. He highlighted the project’s design focus on optimizing open spaces and providing ample natural light and cross ventilation to enhance the quality of life for its residents.
This successful sell-out of the first phase underscores the demand for well-planned and well-constructed residential properties in Chennai, further reinforcing L&T Realty’s reputation as a trusted and respected brand in the real estate sector. The completion of this phase marks a positive milestone in the development of Avinya Enclave and is likely to generate continued interest from potential homebuyers as the project progresses.