Larsen & Toubro (L&T) has expanded its real estate portfolio in the National Capital Region through its wholly owned subsidiary, L&T Realty Developers Ltd (LTRDL), which has acquired a 2.5-acre land parcel in central Delhi for nearly ₹200 crore, as per The Economic Times news report.
The company plans to develop a boutique luxury residential project on the site, adding another project to its growing NCR portfolio after recent acquisitions in Noida and Gurugram.
The latest purchase follows L&T Realty Properties Ltd (LTRPL) acquiring a 100% stake in International Green Scapes Ltd (IGSL), giving it access to a 20-acre land parcel in Gurugram.
The Gurugram asset carries an estimated development potential of around 3.6 million sq ft, reflecting L&T Realty's continued focus on expanding its residential development pipeline across the NCR.
According to the report, the acquired property currently houses an L&T office. The existing structure is expected to be demolished before construction begins on the residential project.
The development will be launched after the required land conversion and other necessary approvals are obtained, sources said.
The project will enter an active luxury housing market where developers including DLF, TARC, Unity Group and Raheja have already launched premium residential developments.
The region is also witnessing the redevelopment of the Birla Cotton Mills site in Kamla Nagar by Hines, Conscient and HDFC Capital, while projects such as DLF One Midtown, The Leela Sky Villas, Kailasa by TARC and The Amaryllis by Unity Group are catering to rising demand for luxury vertical housing.
During FY2025-26, LTRPL and LTRDL completed land acquisitions across Mumbai, Delhi and Bengaluru, creating a combined development potential of around 3 million sq ft.
The acquisition also reflects the broader trend of developers expanding into the NCR to strengthen their market presence. Prestige Group, Sobha Ltd, Oberoi Realty and Macrotech Developers (Lodha) have also expanded their presence in the region in recent years.
Read More: Raymond Realty Share Price Surges Over 2%; Announces 8th Major Joint Development Project in Mumbai!
As of 16 July 2026, at 11:53 AM, L&T Ltd share price was trading at ₹3,779 per share, reflecting a decline of 0.13% from the previous trading session.
The central Delhi acquisition adds another residential development opportunity to L&T Realty's NCR portfolio and comes as developers continue to expand their presence in the region amid sustained demand for premium housing.
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Published on: Jul 16, 2026, 12:30 PM IST
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