L&T Realty, the real estate division of engineering and construction conglomerate Larsen and Toubro, has sold out all the homes in the first phase of its maiden residential project in the city, the company said on Sunday.

Share Market Live

NSE

L&T Realty is engaged in the construction of Avinya Enclave in Manapakkam and the residential project is spread over seven acres.

The first phase comprises four towers -- 500 apartments with a mix of two, three and four-BHK residential units. The price of an apartment at Avinya Enclave starts at Rs 90 lakh, a company statement said in Chennai.

Also Read: Flipkart to introduce ‘price lock’ feature this festive season, check details here

"L&T is a respected brand, and it is a great honour for us to launch our first residential project in Chennai. Proximity to the proposed Manapakkam Metro station and being surrounded by thriving retail and commercial hubs adds to the many benefits that this project has," said L&T Realty CEO and MD, Shrikant Joshi.

The project, launched on September 9, is designed to ensure optimal utilisation of open spaces and provide ample sunlight and cross ventilation, the statement added.