Larsen & Toubro (L&T) has announced the consolidation of its Realty Business Undertaking (Realty BU) under its wholly-owned subsidiary, L&T Realty Properties Ltd (L&T Realty). This strategic move, approved by the Board of Directors on December 8, 2025, aims to create a unified entity positioned for future growth in the Indian real estate market. The consolidation will be executed through a slump-sale via a Scheme of Arrangement, subject to regulatory approvals.
Realty Business Restructuring
Larsen & Toubro (L&T) is set to consolidate its real estate operations. The Board of Directors has approved the transfer of its Realty Business Undertaking (Realty BU) to L&T Realty Properties Ltd (L&T Realty), a wholly-owned subsidiary. The announcement was made on December 8, 2025. This is a strategic move designed to create a more unified and robust platform for future growth.
Strategic Rationale
The consolidation aims to bring all real estate assets and undertakings of L&T under L&T Realty, creating a unified entity capable of capitalizing on India’s real estate growth. According to the company, this will position L&T Realty to lead the real estate transformation with renewed scale, agility, and financial strength. The transfer will be executed through a slump-sale via a Scheme of Arrangement, pending regulatory approvals.
Leadership Perspective
According to Mr S N Subrahmanyan, Chairman & Managing Director, L&T, L&T Realty needs to perform independently and expand its project pipeline. Consolidating the real estate operations under a singular corporate structure will bolster L&T Realty’s position as a unified brand for real estate, creating a consolidated powerhouse that can redefine the future of urban development in India.
Future Vision for L&T Realty
L&T Realty is poised to shape the future of urban living, emphasizing design excellence and a refined luxury sensibility. The company aims to deepen its presence across major metros, sustain premium brand positioning, pursue disciplined land acquisitions, and strengthen partnerships for joint developments. The goal is for L&T Realty to emerge as India’s most admired and sought-after real estate brand in the next five years.
Background on L&T Realty
L&T established its Realty BU in 2007 with a vision to convert owned land parcels into world-class residential and commercial developments. In 2011, L&T Realty was founded as a wholly-owned subsidiary with a mandate to develop both L&T land holdings and joint-venture opportunities with leading partners.
Previous Developments
Over the years, L&T Realty has delivered premium residential, commercial, and mixed-use developments across India’s most dynamic urban centers, including Mumbai, Navi Mumbai, Bengaluru, NCR, Chennai, and Hyderabad. Notably, L&T Realty developed Seawoods, India’s first landmark Transit-Oriented Development (TOD).
Source: BSE
