L&T Realty Expands Development Portfolio with NCR Land Acquisition

L&T Realty Properties Ltd (LTRPL), a wholly owned subsidiary of L&T, operating in the urban-premium and luxury real estate segments across four cities, has recently acquired 100 per cent stake in International Green Scapes Ltd (IGSL), Delhi.

The acquisition enables LTRPL to leverage 20 acres of land owned by IGSL in Gurugram, significantly strengthening its real estate development portfolio. Marking LTRPL's first land acquisition in the NCR micro-market, it offers a development potential of approximately 3.6 million square feet.

Further, during FY 2025-26, LTRPL and L&T Realty Developers Ltd - another wholly-owned subsidiary of L&T, have cumulatively completed land acquisitions across Mumbai, Delhi and Bengaluru, having an aggregate development potential of 3 million square feet. The acquisitions have strengthened the development potential over the medium-term.

L&T has already embarked on a journey to consolidate all its Realty businesses under a single entity, subject to requisite regulatory approvals. Upon completion of the consolidation process, L&T Realty would emerge as a unified, future-ready entity capable of capitalising on India's real estate growth.

Commenting on the milestones, Mr S N Subramanyan, Chairman & Managing Director, L&T said: "India's Real Estate market is transitioning into an organised, transparent and an institutionally funded ecosystem, with both residential and commercial segments poised for growth over the next decade. L&T Realty is building a substantial development pipeline through disciplined and proactive land acquisitions and joint development partnerships".

Mr Anupam Kumar, CEO & MD of L&T Realty said, "L&T Realty is poised for growth through a strategy that is rooted in disciplined expansion, customer trust and long-term value creation".

Shares of Larsen & Toubro Limited was last trading in BSE at Rs. 4013.95 as compared to the previous close of Rs. 4054.00. The total number of shares traded during the day was 69976 in over 7906 trades.

The stock hit an intraday high of Rs. 4085.45 and intraday low of 3981.80. The net turnover during the day was Rs. 280857007.00.

Source : Equity Bulls

Keywords

LarsenandToubro INE018A01030 LandTRealtyProperties Construction Engineering NCR LandAcquisition