L&T consolidates realty business under subsidiary to drive growth

L&T consolidates Realty BU into L&T Realty, creating a unified brand to expand land bank, joint ventures & premium projects across major metros

Larsen & Toubro Ltd. (L&T) has announced a major restructuring of its real estate operations, with the Board of Directors approving the transfer of its Realty Business Undertaking to L&T Realty Properties Ltd., a wholly‑owned subsidiary. The transfer will be executed through a slump sale under a Scheme of Arrangement, subject to regulatory approvals.

The move marks the start of a phased consolidation of all real estate assets and undertakings of L&T into L&T Realty, creating a unified entity positioned to capitalize on India’s expanding property market. The company said the integration would provide scale, agility, and financial strength, enabling L&T Realty to operate independently and expand its project pipeline through proactive land acquisitions and joint developments.

The consolidation is seen as the foundation for building a stronger brand identity in real estate. L&T Realty aims to deepen its presence across major metros, sustain its premium and luxury positioning, and pursue disciplined growth strategies. The company also plans to strengthen partnerships for joint ventures and adopt institutional rigor to navigate market cycles.

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L&T Realty intends to leverage its engineering pedigree and design excellence to deliver projects that reflect India’s rising aspirations. The subsidiary will focus on creating developments that combine modern urban sensibilities with sustainable practices, while also exploring opportunities in biogas and energy generation from waste management at its facilities.

Established in 2007, L&T’s Realty Business was initially tasked with converting company‑owned land parcels into residential and commercial projects. In 2011, L&T Realty was formed as a dedicated subsidiary to manage land holdings and joint ventures. Over the years, it has delivered premium residential, commercial, and mixed‑use projects in Mumbai, Navi Mumbai, Bengaluru, NCR, Chennai, and Hyderabad. Today, it has evolved into a developer actively pursuing selective land acquisitions and marquee joint developments in key urban micro‑markets.

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