L&T Consolidates Realty Operations under L&T Realty Properties

• L&T moves its real estate business to L&T Realty Properties
• Part of a phased plan to consolidate all real estate assets under one entity
• Subsidiary to operate independently with stronger capital and brand focus

Larsen & Toubro (L&T) has announced the transfer of its real estate business to its wholly owned subsidiary, L&T Realty Properties Ltd., marking the start of a phased consolidation of all real estate assets under one unified structure. The move was approved by the company’s board through a slump sale under a scheme of arrangement, subject to regulatory approvals.

In a statement, L&T said the transfer will help streamline operations and allow L&T Realty Properties to function as an independent and stronger real estate arm. Chairman and Managing Director S. N. Subrahmanyan noted that the business needs focused and continuous expansion, backed by capital infusion and strategic land bank growth. He added that consolidating all real estate operations under one corporate framework will strengthen L&T Realty’s market position and help build a unified brand.

L&T created its Realty Business Unit (BU) in 2007 to develop its own land parcels into residential and commercial projects. In 2011, L&T Realty was established as a wholly owned subsidiary to handle both in-house developments and joint ventures with major partners. The latest restructuring aims to bring both the BU and subsidiary under the same umbrella for improved efficiency and growth.

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The company believes this strategic shift will support long-term expansion, boost project pipeline development, and enable L&T Realty to pursue more joint development opportunities in key markets.