Grand Central is a blend of an implanted travel zone (train station), business spaces and a retail shopping centre all under one rooftop. The retail shopping centre (presently known as Nexus Shopping centre) was offered to Blackstone Group for Rs. 1450 crores (US$226 million) in March 2017. On May 26, 2017, Joshi reported the arrangement to launch three retail shopping centres enveloping a region of 1.2 million sq ft in Hyderabad by the end of the year. The extent of the undertaking was a surprising 18.5 million sq ft and it has an installed travel zone (Metro station) in its development as well. On August 2, 2017, Joshi reported that there would be an agreement between L&T Realty and Nirmal Lifestyle Developers to collectively develop a project. "With this launch, L&T Realty would be developing close to 15 million sq. ft of residential space within Mumbai alone. The proposed development of over 3 million sq. ft comprising over 2,000 apartments will be developed in phases spanning seven to eight years and has an estimated project revenue of close to Rs 5,000 crore" said Mr Joshi. This land package involves roughly 20-acres on the LBS Marg in Mumbai's north-focal region of Mulund. On September 8, 2017, Joshi stated that the global pharmaceutical company Teva's arm Watson Pharma had rented an area of 105,000 sq. ft. in L&T Realty's office complex, Seawoods Grand Central in Navi Mumbai, as office space, with further headways to extend to an extra 28,000 sq. ft. of built-up area. With this total take-up region of 133,000 sq. ft, it is the second-largest office area lease in recent years. On December 25, 2017, referring to moneylenders searching for developers with a quality brand and great credentials, Joshi stated in an interview with Business Standard, "Several proposals exploded on us, our deal pipeline with lenders also has grown 10 times in the past two-three months". He additionally emphasized with other developers, saying, "...With RERA coming in, landowners and developers are rethinking their real estate strategies, people who have land parcels are looking for credible partners on the other side..." The real estate industry is in a revival in residential deals as information from Q3 FY18 showed positive signs towards home purchasers demonstrating interest. "There has been a revival in residential sales in the Q3 FY17-18. L&T Realty has seen an uprise in sales across our three projects in Mumbai