The Board of Directors of Larsen & Toubro Ltd. (L&T) has approved the transfer of its Realty Business Undertaking (BU) to L&T Realty Properties Ltd. (L&T Realty), a wholly-owned subsidiary of the company, through a slump-sale via a Scheme of Arrangement, subject to requisite regulatory approvals.
This move marks the beginning of a phased consolidation of all real estate assets and undertakings of L&T and vest them in L&T Realty, thus creating a unified, future-ready entity capable of capitalising on India’s real estate growth, the company said in a statement.
The consolidation positions L&T Realty to lead this transformation with renewed scale, agility and financial strength, it added.
S.N. Subrahmanyan, Chairman & Managing Director, L&T, said, “L&T Realty needs to perform independently. It has to continuously expand its project pipeline through proactive land bank growth and joint developments.”
“This requires periodic capital infusion, and therefore, it is essential to bring all our real estate operations under a singular corporate structure and bolster L&T Realty’s position as a unified brand for real estate,” he said.
“The proposed transfer is the first step in creating a consolidated powerhouse that can redefine the future of urban development in India. The integration of the Realty BU sets the foundation for L&T Realty to emerge as India’s most admired and sought-after real estate brand in the next five years,” he added.
“The strategy is anchored in deepening presence across major metros, sustaining premium and luxury brand positioning, pursuing disciplined land acquisitions, strengthening partnerships for joint developments and navigating market cycles with institutional rigour,” he further said.
With this consolidation, L&T Realty is poised to shape the future of urban living by bringing together design excellence, engineering pedigree and a refined luxury sensibility – creating developments that resonate with India’s rising aspirations, the company said.
L&T established its Realty BU in 2007 with a plan to convert owned land parcels into residential and commercial developments.
In 2011, it founded L&T Realty as a wholly-owned subsidiary entrusting it with a mandate to develop both L&T land holdings and joint-venture opportunities with leading partners.
Over the years, L&T Realty has delivered premium residential, commercial and mixed-use developments across India’s most dynamic urban centres – Mumbai, Navi Mumbai, Bengaluru, NCR, Chennai and Hyderabad.
L&T Realty has now evolved beyond the development of L&T-owned lands; actively pursuing selective land acquisitions and marquee joint developments in urban micro-markets.
Published – December 08, 2025 08:55 pm IST
