L&T Embarks on Consolidation of its Realty Business

New Delhi, December 10, 2025: 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, through a slump-sale via a Scheme of Arrangement, subject to requisite regulatory approvals.

This strategic move marks the beginning of a phased consolidation of all real estate assets and undertakings of L&T and vest them in L&T Realty, thus creating a unified, future-ready entity capable of capitalising on India’s real estate growth. The consolidation positions L&T Realty to lead this transformation with renewed scale, agility and financial strength.

Commenting on the development, L&T Chairman and Managing Director S N Subrahmanyan said: “L&T Realty needs to perform independently. It has to continuously expand its project pipeline through proactive 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 proposed transfer is the first step in creating a consolidated powerhouse that can redefine the future of urban development in India. The integration of the Realty BU sets the foundation for L&T Realty to emerge as India’s most admired and sought-after real estate brand in the next five years.”

With this consolidation, L&T Realty is poised to shape the future of urban living by bringing together design excellence, engineering pedigree and a refined luxury sensibility.