Larsen & Toubro Limited has informed the Exchange regarding a press release dated April 27, 2026, titled "L&T Realty Expands Development Portfolio with NCR Land Acquisition".
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L&T Realty, a wholly-owned subsidiary of L&T, has acquired 100% stake in International Green Scapes Ltd (IGSL), Delhi, gaining 20 acres of land in Gurugram (NCR) with development potential of 3.6 million square feet. This marks L&T Realty's first land acquisition in the NCR micro-market. During FY 2025-26, L&T Realty and L&T Realty Developers have cumulatively added land acquisitions across Mumbai, Delhi, and Bengaluru with aggregate development potential of 3 million square feet. L&T is also consolidating all its Realty businesses under a single entity, pending regulatory approvals. The company sees India's real estate market transitioning into an organised and institutionally funded ecosystem with strong growth prospects over the next decade.
This strategic land acquisition strengthens L&T's real estate development pipeline and signals the company's commitment to expanding its property business, which could positively contribute to revenue diversification over the medium term. However, the direct stock price impact is likely limited as real estate is a smaller segment within L&T's USD 30 billion conglomerate.