L&T REALTY GURUGRAM (IGSL LAND PARCEL) — New Project Coming Up in Sectors 81-86, Gurgaon
L&T Realty Enters NCR Market with Significant Gurugram Acquisition
L&T Realty Properties Ltd (LTRPL), a wholly owned subsidiary of engineering giant Larsen & Toubro, has marked its entry into the National Capital Region (NCR) real estate market. The company acquired a 100% stake in International Green Scapes Ltd (IGSL), Delhi, thereby gaining access to a 20 acre land parcel in Gurugram.
Scale and Development Potential
The acquired land offers a development potential of approximately 3.6 million square feet, which is expected to substantially enhance L&T Realty's project pipeline and strengthen its presence in high growth urban markets. L&T Sector 86, Gurgaon is a luxury residential project by L&T Realty Limited, developed on a 20-acre land parcel in Sector 86, Gurgaon, with a development potential of approximately 3.6 million sq. ft. L&T Realty Sector 86 Gurgaon features 3 & 4 BHK residences, 20-acre development, and seamless connectivity to major city hubs.
Strategic Investment and Valuation
On April 10, Larsen & Toubro announced that it had executed a Share Purchase and Shareholders' Agreement for the acquisition of a 100% stake in International Green Scapes Ltd (IGSL) for ₹1,123 crore. The land was acquired via an all-cash deal worth Rs. 1,123 crore, a signal of serious, long-term commitment to this city and this project.
Location and Connectivity
New Gurgaon is one of the most strategically located and rapidly developing residential corridors in Gurugram, covering Sectors 81, 82, 83, 84, 85, 86, 89, 90, 91, 92, 93 and 95. Positioned between NH-48 and the Dwarka Expressway, it acts as a central growth engine with smooth connectivity towards Manesar, Cyber City, IGI Airport, the KMP Expressway and the upcoming Global City.
Sector 86 is positioned at the intersection of NH-48, Dwarka Expressway, and Southern Peripheral Road (SPR), ensuring seamless regional connectivity. The area is rapidly developing with established projects by leading developers, making it a high-growth residential corridor in New Gurugram.
L&T Realty's Institutional Footprint
L&T Realty, established in 2011, is the real estate arm of Larsen & Toubro. It operates a portfolio of over 70 million square feet across residential, commercial, and retail developments in Mumbai, Navi Mumbai, Bengaluru, Hyderabad, and Chennai. This marks L&T Realty's first land acquisition in the National Capital Region, a 20-acre prime parcel in New Gurugram.
Larsen & Toubro has built India's largest metro rail networks, its most critical defence infrastructure, and some of its most complex airport terminals. The company is 85+ years old, publicly listed, and operates with the accountability of a global conglomerate. When L&T builds a home, it applies the same engineering rigour and institutional governance that goes into national infrastructure.
Market Context
Gurugram's real estate market has seen substantial price appreciation, with average residential property prices rising significantly between 2023 and 2025. Demand in the city is increasingly driven by high-end luxury residences and integrated township projects, especially along corridors like Golf Course Extension Road and Dwarka Expressway.