Joint Venture8 Dec 2025, 07:02 pm
L&T Embarks on Consolidation of its Realty Business
AI Summary
The Board of Directors of Larsen & Toubro (L&T) has approved the transfer of its Realty Business Undertaking (Realty BU) to L&T Realty, a wholly-owned subsidiary, through a slump-sale via a Scheme of Arrangement. This move is the first step in creating a consolidated powerhouse that can redefine the future of urban development in India. L&T Realty, founded in 2011, has delivered premium residential, commercial and mixed-use developments across India’s most dynamic urban centres and is now counted among India’s leading developers with a substantial development potential of 65 million sq. ft.
Key Highlights
- L&T to transfer its Realty Business Undertaking to L&T Realty, a wholly-owned subsidiary
- The consolidation aims to create a unified, future-ready entity capable of capitalising on India’s real estate growth
- L&T Realty is poised to shape the future of urban living by bringing together design excellence, engineering pedigree and a refined luxury sensibility
- L&T Realty has a substantial development potential of 65 million sq. ft.
- Larsen & Toubro is a USD 30 billion Indian multinational enterprise engaged in EPC Projects, Hi-Tech Manufacturing, and Services