L&T Realty Properties acquires 100% stake in International Green Scapes Ltd for ₹1,123 crore, unlocking 20-acre Gurugram land
L&T Realty Enters National Capital Region with ₹1,123 Crore Gurugram Acquisition
L&T Realty Properties completed the acquisition on April 13, 2026. The deal marks the company's first entry into the NCR micro market, a region known for strong demand in premium and luxury housing.
Strategic Land Bank in Growth Corridor
L&T Realty Properties has acquired a 100% stake in International Green Scapes for Rs 1,123 crore in an all-cash deal, as it looks to expand its residential portfolio in Gurugram. The Company holds land admeasuring 19.974 acres in Sector 81 and Sector 86, Gurugram, and is involved in the business of construction, development, ownership and maintenance of residential projects on the Project Land, held under three licenses issued by the Department of Town and Country Planning, Haryana, for residential development.
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. According to Square Yards Data Intelligence, the average property price in Gurugram stood at ₹14,872 per square foot as of March 2026.
Location and Connectivity
Sector 86 is positioned at the intersection of NH-48, Dwarka Expressway, and Southern Peripheral Road (SPR), ensuring seamless regional connectivity. The entire route of the expressway, from Kherki Daula to Shiv Murti at Mahipalpur, was completed and made operational in June 2025. It is just about 25 kilometres from the Indira Gandhi International Airport, making it convenient for both domestic and international passengers.
Gurugram contributed to almost 73% of all residential launches in the NCR for Q1 2026, reflecting the city's dominance in housing. These sectors feature integrated townships with residential and commercial spaces developed by reputed builders like DLF, Bestech, and Vatika Group. The area includes luxury apartments, villas, and retail centers.
Portfolio Expansion and Market Positioning
The all-cash deal marks LTRPL's first land acquisition in the NCR micro-market. L&T Realty's portfolio spans 70 msf across residential and commercial segments, with the company's presence in cities including the Mumbai Metropolitan Region (MMR), Bengaluru, Chennai, Hyderabad, and NCR.
During the fiscal year 2026 (FY26), LTRPL and L&T Realty Developers Ltd, another wholly owned subsidiary of L&T, cumulatively completed land acquisitions across Mumbai, Delhi, and Bengaluru, having an aggregate development potential of 3 msf. The acquisitions have strengthened the development potential in the medium term.
LTRPL operates in the urban-premium and luxury real estate segments. L&T Realty, established in 2011, is the real estate arm of this group. Over the last 8 decades, by maintaining the highest standards of professionalism and corporate governance, the company has been able to build a vast network that spans the globe to enable operations worldwide, addressing critical needs in key sectors of the economy like infrastructure, defence, hydrocarbon, heavy engineering, power, ship building, aerospace, electrical & automation, mining and metallurgy.
Transaction Details
The acquisition involves 58,23,425 equity shares, giving L&T RPL complete ownership and control of IGSL, a real estate company with development rights in Gurugram, Haryana. IGSL, incorporated on 22 November 1993, has reported nil turnover over the last three financial years, including FY23, FY24 and FY25. The deal does not fall under related party transactions, and the promoter group has no interest in the acquired entity.