L&T Expands Realty Portfolio with ₹1,123 Cr Gurugram Acquisition

Key Highlights • L&T Realty acquired 100% stake in International Green Scapes Ltd (IGSL) • Deal value: ₹1,123 crore (cash consideration) • IGSL holds residential development licenses in Gurugram, Haryana • No turnover recorded in the last 3 financial years • Transaction executed at arm’s length (non-related party) Why It Matters The acquisition strengthens L&T’s real estate pipeline in a high-demand market like Gurugram, positioning it for future residential project launches. Learning Outcome Land acquisitions by real estate developers are strategic bets on future demand. Investors should track project execution, sales velocity, and return on invested capital.