Mumbai : 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 Subrahmanyan, 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”.