Delhi-NCR Real Estate News: L&T Realty Properties, a subsidiary of construction giant Larsen & Toubro, has acquired a piece of land in Dellhi -NCR. In a press release, L&T Realty said that it has bought a 100 per cent stake in International Green Scapes Ltd (IGSL).
This acquisition unlocks 20 acres of prime land in Gurugram for real estate development.
This is the first land acquisition by L&T Realty in the National Capital Region (NCR).
L&T Realty said that the acquisition offers a development potential of about 3.6 million square feet.
Earlier on April 10, Larsen & Toubro had announced that it had executed a Share Purchase and Shareholders' Agreement for the acquisition of a 100 per cent stake in International Green Scapes Ltd (IGSL) for Rs 1,123 crore.
This acquisition will enable L&T Realty Properties to leverage the land owned by IGSL for enhancing and expanding its real estate development portfolio, L&T had said. L&T Realty Properties completed the acquisition on April 13, 2026.
The NCR land acquisition significantly bolsters L&T's real estate portfolio amid surging demand for premium housing and commercial spaces in India's fast-urbanising cities.
