Larsen & Toubro (L&T) has announced the transfer of its realty business to its wholly owned subsidiary, L&T Realty Properties, marking the start of a phased consolidation of all its real estate assets and undertakings.
The move, approved by the L&T Board through a slump sale under a scheme of arrangement, is subject to necessary regulatory approvals. In its official statement, L&T said the restructuring aims to enable L&T Realty to operate independently, strengthen its business focus, and accelerate growth through land bank expansion, joint developments, and a larger project pipeline.
Key Highlights
The company emphasized that the realty arm needs strategic autonomy to compete effectively in India’s expanding real estate market.
L&T originally set up its Realty Business Unit (Realty BU) in 2007 to convert its own land parcels into residential and commercial projects. In 2011, it established L&T Realty as a wholly owned subsidiary to develop both internal land assets and joint-venture projects with key partners. The newly approved transfer consolidates this structure, bringing all real estate initiatives under a single operational entity.
"This requires periodic capital infusion, and therefore, it is essential to bring all our real estate operations under a singular corporate structure and bolster L&T Realty's position as a unified brand for real estate," company's Chairman & Managing Director S N Subrahmanyan said.
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The move is aligned with L&T’s broader strategy of business restructuring, operational clarity, and long-term value creation in the real estate segment. Once regulatory nods are secured, L&T Realty will hold full responsibility for developing and expanding the company’s real estate footprint across major Indian cities.
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