Home / Business and Economy / L&T Realty Acquires 100% Stake in IGSL for ₹1,123 Crore
L&T Realty Acquires 100% Stake in IGSL for ₹1,123 Crore
27 Apr
Summary
- L&T Realty acquired 100% of IGSL for ₹1,123 crore.
- Acquisition adds 20 acres of land in Gurugram for development.
- Deal allows for up to 3.6 million square feet of development.
L&T Realty Properties Limited, a subsidiary of infrastructure giant Larsen & Toubro, has finalized the acquisition of a 100% stake in International Green Scapes Limited (IGSL). The share purchase agreement, valued at ₹1,123 crore, was completed on April 13, 2026. This strategic move grants L&T Realty control over approximately 20 acres of land in Gurugram, paving the way for significant real estate development.
The acquisition provides L&T Realty with the potential to develop a substantial area of around 3.6 million square feet. This expansion into the National Capital Region's secondary market is a key step for the company. It is particularly timely as demand for premium housing and commercial spaces surges in India's rapidly urbanizing cities.
With this land acquisition, L&T Realty aims to extend and strengthen its real estate development capabilities. The company anticipates that this venture will provide a significant boost to its real estate division, capitalizing on the growing market opportunities.
