L&T Shares Rise 1.5% Following Acquisition of Gurugram Land Parcel

Larsen & Toubro Shares Rise on Key Land Acquisition in NCR

Shares of Larsen & Toubro (L&T) traded higher on Monday after its real estate subsidiary, L&T Realty Properties Ltd (LTRPL), announced a significant land acquisition in the National Capital Region (NCR).

On the BSE, L&T shares were trading at Rs 4,073.95, up Rs 60 or 1.49%. The acquisition marks L&T Realty's first land purchase in the NCR micro-market and offers an estimated development potential of around 3.6 million square feet.

LTRPL has acquired a 100% stake in International Green Scapes Ltd (IGSL), Delhi, gaining access to 20 acres of land in Gurugram. This transaction is part of L&T Realty's strategy to build a substantial development pipeline through disciplined and proactive land acquisitions and joint development partnerships.

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L&T Realty's Land Acquisition Milestones

In addition to this acquisition, L&T Realty and another wholly owned subsidiary, L&T Realty Developers Ltd, have together completed land acquisitions across Mumbai, Delhi, and Bengaluru with a combined development potential of 3 million square feet in FY26.

L&T is also in the process of consolidating all its realty businesses under a single entity, subject to regulatory approvals. Once completed, L&T Realty is expected to operate as a unified platform focused on growth opportunities in India's property market.

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The company's long-term strategy is rooted in disciplined expansion, customer trust, and long-term value creation. As India's Real Estate market transitions into an organised, transparent, and institutionally funded ecosystem, L&T Realty is poised for growth over the next decade.