L&T secures contract from Wave Group

Larsen & Toubro (L&T) has bagged a Rs.900 crore contract from Wave Group’s realty arm Wave Infratech to build residential towers in Noida. Wave Infratech is developing a mixed-use project ‘Wave City Center’ spread across 152 acres, which the company had bagged through an auction for about Rs.6,500 crore.
The total size of the township is 40 million sq. feet and of that 9.5 million sq. feet will be constructed in the first phase. L&T will soon start construction of the first phase which is slated for delivery by 2016.
In the first phase, Wave would develop 1,400 flats, 900 studio apartments, 370 high-street shop condominiums, two hotels comprising 400 rooms, a shopping mall having two million sq. feet, and 1.8 million sq. feet of office space.
Larsen & Toubro is a $14 billion technology, engineering, construction, manufacturing, andfinancial services conglomerate, with global operations.

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