Tag: L&T Realty

IndustryLatest Stories

L&T Realty Purchases 20 Acres in Gurugram

AI-generated representative image NEW DELHI: L&T Realty Properties (LTRPL), a fully owned subsidiary of L&T, has acquired a 100% stake in International Green Scapes (IGSL) located in Delhi. This acquisition allows LTRPL to utilize 20 acres of land possessed by IGSL in Gurugram. This marks the company’s inaugural land acquisition in the NCR micro-market, with the site offering a development potential of about 3.6 million sq ft. In FY26, LTRPL and L&T Realty Developers, another subsidiary of the company, successfully completed land acquisitions in Mumbai, Delhi, and Bengaluru, amounting to a total development potential of three million sq ft. L&T…

IndustryLatest Stories

L&T Realty Buys Land in Lower Parel, Mumbai for ₹448.6 Crore

Representative image created by AI MUMBAI: L&T Realty Developers, the realty arm of engineering and construction giant Larsen & Toubro, has acquired a prime land parcel in Lower Parel-Elphinstone Road, a key business district, for ₹448.6 crore through a deed of assignment. Of the total amount, ₹300 crore will be paid in cash, while the remainder will be settled through an area-sharing agreement that includes 55,000 sq ft of RERA carpet non-residential space and corresponding car parking. The land acquisition, spanning 1.34 acres, was executed on January 9, and involves obtaining land rights from AVA Smart City LLP, according to…

IndustryLatest Stories

Larsen & Toubro Unifies Real Estate Division as L&T Realty

NEW DELHI: The board of directors at Larsen & Toubro (L&T) has approved the transfer of its real estate business (Realty BU) to L&T Realty Properties, a fully-owned subsidiary, through a slump sale as part of an arrangement scheme. This initiative initiates a gradual consolidation of L&T’s real estate assets under L&T Realty. N Subrahmanyan, Chairman & Managing Director of L&T, stated, “L&T Realty must operate independently. It needs to consistently grow its project pipeline through proactive land acquisitions and joint ventures. This demands regular capital infusions, making it vital to unify all our real estate operations under one corporate…