Larsen & Toubro has approved the transfer of its Realty Business Undertaking to its wholly-owned subsidiary, L&T Realty Properties Ltd, through a slump-sale via a Scheme of Arrangement. This marks the first phase of a broader consolidation strategy aimed at placing all real estate assets under L&T Realty, creating a single, future-ready development arm capable of leveraging India’s expanding property market.

The unified structure is expected to enhance scale, agility and financial resilience as L&T Realty expands its project pipeline, strengthens land acquisition and accelerates joint development opportunities. Chairman & Managing Director S N Subrahmanyan said the restructuring will allow the business to grow independently, supported by periodic capital infusion and a sharper corporate identity.

Established in 2007, L&T’s real estate arm has delivered premium residential, commercial and mixed-use projects across major metros, including the landmark Seawoods Transit-Oriented Development. Regulatory changes such as RERA and GST, along with rising institutional investment, have strengthened the company’s positioning in the market.

L&T Realty now operates with a development potential of about 65 million sq ft across Mumbai, Navi Mumbai, Bengaluru, NCR, Chennai and Hyderabad. With its integrated approach combining design, engineering and premium brand ethos, the company aims to shape the next phase of India’s urban development.