-- L&T Realty Properties, a wholly-owned real estate subsidiary of Larsen & Toubro (NSE:LT, BOM:500510), has acquired a 100% stake in International Green Scapes in Delhi, India, for an undisclosed amount, according to a Monday filing to the Indian stock exchanges.
The acquisition will allow Larsen & Toubro to use the 20 acres of land owned by International Green Scapes in Gurugram, India. The land has a development potential of around 3.6 million square feet.
In the financial year 2025-26, Larsen & Toubro and L&T Realty Developers, another wholly-owned subsidiary of L&T, have together completed land acquisitions across Mumbai, Delhi, and Bengaluru in India, having an aggregate development potential of 3 million square feet.
The company's shares were up over 1% in recent trade.