Infrastructure major Larsen & Toubro on Monday said one of its subsidiaries, L&T Realty Properties Ltd, has bought a 100 per cent stake in International Green Scapes Ltd (IGSL), unlocking 20 acres of prime land in Gurugram for real estate development.
This is the first land acquisition in the National Capital Region (NCR) micro-market by L&T Realty Properties Ltd (LTRPL), and offers a development potential of about 3.6 million square feet.
On April 10, Larsen & Toubro had announced that it had executed a Share Purchase and Shareholders’ Agreement for the acquisition of a 100 per cent stake in International Green Scapes Ltd (IGSL) for Rs 1,123 crore.
This acquisition will enable L&T Realty Properties to leverage the land owned by IGSL for enhancing and expanding its real estate development portfolio, L&T had said.
L&T Realty Properties completed the acquisition on April 13, 2026.
The NCR land acquisition significantly bolsters L&T’s real estate portfolio
