Infrastructure major Larsen & Toubro on Monday announced the transfer of its realty business to its arm L&T Realty Properties Ltd.
The development marks the beginning of a phased consolidation of all real estate assets and undertakings of Larsen & Toubro (L&T).
Approval fore the same was given by the board through a slump sale via a scheme of arrangement. However, it is subject to requisite regulatory approvals.
“The Board of Directors of L&T has approved the transfer of its Realty Business Undertaking (Realty BU) to L&T Realty Properties Ltd (L&T Realty), a wholly-owned subsidiary of the company,” the infrastructure major said in a statement.
“L&T Realty needs to perform independently. It has to continuously expand its project pipeline through pro-active land bank growth and joint developments.
“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,” the company’s Chairman & Managing Director, S. N. Subrahmanyan, said.
L&T established its Realty BU in 2007 to convert owned land parcels into residential and commercial developments. In 2011, the company founded L&T Realty as a wholly-owned subsidiary to develop both L&T land holdings and joint-venture opportunities with leading partners.
Published on December 9, 2025
