L&T Realty

What L&T Realty does

L&T Realty is the real estate development arm of Larsen & Toubro Limited, the Indian conglomerate with a USD 32 billion group turnover, and was established in 2011 as a wholly-owned subsidiary operating from Mumbai. The company develops and sells premium residential, commercial, and retail real estate projects, with a portfolio spanning 6.50 million square metres (70 million sq ft) across six major Indian metros: Mumbai, Navi Mumbai, the National Capital Region, Bengaluru, Hyderabad, and Chennai, with additional presence in Thane, Panvel, Noida, and Vadodara. As of the input, 70k+ families have been delivered across completed projects, and the active portfolio includes over a dozen ongoing residential developments (e.g., Ahana, Vayam, Green Reserve, Elara Celestia, Evara Heights, Elixir Reserve) and commercial tech parks and business parks (e.g., L&T Tech Park Bengaluru, L&T Innovation Campus Mumbai/Chennai, Seawoods Grand Central).

The business model is project-based real estate development: revenue is generated primarily through one-time sale of residential units (1-5 BHK configurations priced from Rs 79 Lakhs to Rs 3.7 Crore) and commercial assets, with selected commercial space available for BTS and leasing. The company runs a hybrid go-to-market combining on-site sales galleries, a 3,000+ registered channel partner network, an online enquiry system, and a Dubai office serving NRI customers. Underlying capabilities are integrated in-house: design, construction, project management, finance, and sales/marketing, differentiated by the L&T parent brand and a RERA-registered, compliance-first posture.

In December 2025, Larsen & Toubro executed a corporate restructuring, transferring its realty segment to the wholly-owned subsidiary L&T Realty Properties via a Scheme of Arrangement (slump sale) valued at Rs 6,300 crore; the new entity contributed Rs 200 crore in H1 FY26 sales, and the move is widely read as preparation for a potential independent listing. Strategic partnerships include a co-development alliance with CapitaLand India Trust for 6 million sq ft of office space, and additional joint-development arrangements with Jagdale Infrastructure, Aryamaan Developers, and Xrbia Chakan Developers. Technology is operational rather than transformational: Azure-hosted media infrastructure, MahaRERA compliance integration, Google reCAPTCHA, and standard buyer-tool widgets, with no disclosed proprietary AI, ML, or platform architecture.

Name

L&T Realty

Legal name

L&T Realty

Website

https://lntrealty.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

501–1,000 employees

Short description

L&T Realty, the real estate arm of India's Larsen & Toubro conglomerate, develops premium residential, commercial, and retail projects across six major Indian cities. It serves individual home buyers, NRI investors, and corporate clients with a 6.5 million sqm portfolio delivered to over 70,000 families.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Other Activities Related to Real Estate (531390), Rental and Leasing Services (532)

SIC

Real Estate Dealers (For Their Own Account) (6532), Real Estate (6500)

akta.pro primary industry

Luxury & High-End Residential Brokerage (BPAJAAAC)

akta.pro secondary industry

Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)

Keywords

• Residential real estate development
• Commercial property development
• Luxury apartments India
• Tech park office leasing
• Real estate developer

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Residential Property Sales: Development and sale of residential apartments including 1 BHK, 2 BHK, 3 BHK, 4 BHK, and 5 BHK units across various price points ranging from Rs 79 Lakhs to Rs 3.7 Crores depending on location and configuration.
2. Commercial Property Development: Development and lease/sale of commercial office spaces including tech parks, business parks, innovation campuses, and retail spaces.
3. Real Estate Business Transfer: L&T transferred its realty segment to wholly-owned subsidiary L&T Realty Properties via a slump sale valued at Rs 6,300 crore, with the subsidiary contributing Rs 200 crore in H1 FY26 sales.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels8 records

Core offering

L&T Realty develops and sells premium residential apartments (1-5 BHK configurations) and commercial real estate including tech parks, business parks, and innovation campuses across major Indian cities such as Mumbai, Navi Mumbai, Bengaluru, Chennai, Hyderabad, and NCR. The company operates an integrated real estate model spanning design, construction, sales, and project management with a portfolio of 6.50 million square metres serving over 70,000 families.

Product overview

L&T Realty is the real estate arm of Larsen and Toubro, established in 2011, operating as a comprehensive real estate developer across India. The company offers a diverse portfolio spanning residential, commercial, and retail developments. Its residential portfolio includes ongoing projects like Ahana (Malad), Vayam (Thane), Crestoria Estate (Panvel), Green Reserve (Noida), Elara Celestia (Bengaluru), Evara Heights (Thane), Island Cove (Mahim), The Gateway (Sewri), Elixir Reserve (Powai), Avinya Enclave (Chennai), 77 Crossroads (Ghatkopar), and West Manor (Navi Mumbai), alongside completed projects including Crescent Bay (Parel), Emerald Isle (Powai), Raintree Boulevard (Bengaluru), Rejuve 360 (Mulund), and others. The commercial segment features L&T Tech Parks in Bengaluru, L&T Innovation Campuses in Mumbai and Chennai, L&T Business Parks in Mumbai and Delhi, and Seawoods Grand Central in Navi Mumbai. The company also operates a customer engagement program called 'Friends' Circle' for referrals and loyalty benefits.

Differentiator

Problem solved

Functional benefit

Products and services

• L&T Realty Ahana New launch premium residential project in Malad, Mumbai offering 2, 3 and 4 BHK apartments with integrated retail and curated lifestyle experiences for urban home buyers.
• L&T Realty Vayam Residential project in the Thane-Mulund Corridor offering 2 and 3 BHK apartments in a 50+ storey Art Deco tower with panoramic views of Yeoor Hills, Yogi Hills, and SGNP canopies.
• Crestoria Estate - Panvel Luxury residential project in Panvel offering 2, 3, and 4 BHK residences with Spanish-inspired architecture featuring arches and courtyards.
• Green Reserve - Noida Luxury residential project in Sector 128, Noida within Jaypee Greens township offering 3, 4, and 5 BHK apartments designed by globally acclaimed consultants.
• Elara Celestia - Bengaluru Premium residential project off Bellary Road in Bengaluru offering 3 and 4 BHK luxury apartments with curved architecture, infinity pool, clubhouse, and panoramic views.
• Evara Heights - Thane Luxury 2, 3, and 4 BHK residential project in Thane offering high-rise living with views of Yeoor Hills, a clubhouse on the 31st floor, and a swimming pool.
• Island Cove - Mahim, Mumbai Mahim's first modern gated community offering 2 and 3 BHK luxury flats with sea views and contemporary architecture.
• The Gateway - Sewri, Mumbai Premium 3 and 4 BHK residential project in Sewri, South Mumbai offering panoramic city views and luxury living.
• Elixir Reserve - Powai, Mumbai Luxury 2, 3, and 4 BHK residences in Powai, Mumbai surrounded by forest, lake, and hillock with nature-integrated living and premium amenities.
• Avinya Enclave - Chennai 2, 3, and 4 BHK residential project in Manapakkam, Chennai — L&T Realty's first project in the city, with Phase 1 achieving complete sell-out.
• 77 Crossroads - Ghatkopar, Mumbai 1 and 2 BHK modern homes in Ghatkopar East, Mumbai offering a gated community with a sky garden, indoor swimming pool, open-air theatre, gymnasium, and 25+ amenities.
• West Manor - Navi Mumbai 2 and 3 BHK luxury flats in Seawoods, Navi Mumbai — a premium gated community with mangrove views and proximity to Seawoods Grand Central.
• Crescent Bay - Parel, Mumbai Completed ready-to-move-in luxury residential project in Parel, South Mumbai offering 2, 3, and 4 BHK spacious apartments, awarded 'High Rise Project of the Year'.
• Emerald Isle - Powai, Mumbai Completed ready-to-move-in luxury residential project in Powai, Mumbai with premium amenities and connectivity to the rest of the city.
• Raintree Boulevard - Hebbal, Bengaluru Completed mixed-use residential project in Hebbal, Bengaluru awarded 'Mixed-Use Project of the Year', featuring diverse amenities and community spaces.
• Rejuve 360 - Mulund, Mumbai Completed wellness-focused residential project in Mulund West, Mumbai offering 2 BHK luxury flats with 90% of units either West or East facing for natural light.
• Seawoods Residences - Navi Mumbai Completed luxury residential project in Seawoods, Navi Mumbai with premium amenities and proximity to Seawoods Grand Central.
• Vihaan - Vadodara, Gujarat Completed residential project in Vadodara, Gujarat offering quality homes with L&T Realty's standard amenities.
• L&T Tech Park - Bengaluru Commercial tech park in Hebbal, Bengaluru offering modern office spaces for Build-to-Suit (BTS) and leasing options.
• L&T Tech Park 2 Second tech park development in Bengaluru offering commercial office spaces for Build-to-Suit and leasing.
• L&T Innovation Campus - Mumbai Innovation campus in Powai, Mumbai offering premium commercial office spaces designed for technology and innovation companies.
• L&T Business Towers - Mumbai Commercial towers project in Powai, Mumbai offering office spaces for businesses.
• L&T Business Park - Delhi Commercial business park on Mathura Road, Delhi offering office spaces for corporate tenants.
• L&T Innovation Campus - Chennai Innovation campus in Chennai offering commercial office spaces as part of L&T Realty's commercial portfolio.
• Seawoods Grand Central - Navi Mumbai Large-scale commercial property and retail development in Navi Mumbai featuring offices and retail spaces.
• Elixir Drive Retail development by L&T Realty offering commercial retail spaces.

Quantifiable outcome

• Established in 2011, L&T Realty has delivered 70k+ happy families across multiple projects
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature2 records

Partnerships

Four partnerships are on record, tiered core and minor.

• CapitaLand India TrustcoreStrategic or Co-development Partner · 7 November 2022L&T Realty and CapitaLand India Trust entered into a partnership to develop 6 million square feet (0.56 million square metres) of prime office spaces across India. This strategic partnership combines L&T's real estate development expertise with CapitaLand's investment capabilities to create premium commercial assets.
• Jagdale Infrastructure Pvt. Ltd.minorStrategic or Co-development PartnerJoint development partnership for L&T Realty Evara Heights project in Thane. Jagdale Infrastructure acts as the LOI holder while L&T Realty handles development and execution. This is a joint development arrangement where L&T Realty is the developer and marketer.
• Aryamaan Developers Private LimitedminorStrategic or Co-development PartnerJoint development partnership for L&T Realty Centrona project. L&T Avenue Realty LLP (a holding company of L&T Realty) is co-developing with Aryamaan Developers Private Limited and Xrbia Chakan Developers Pvt Ltd.
• Xrbia Chakan Developers Pvt LtdminorStrategic or Co-development PartnerJoint development partnership for L&T Realty Centrona project alongside Aryamaan Developers Private Limited.

Scale indicators6 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Macrotech Developers (Lodha): Listed Mumbai-focused premium and luxury residential developer with growing commercial exposure. Operates in the same Mumbai Metropolitan micro-markets as L&T Realty (Powai, Parel, Thane) at similar luxury price points, making it the most direct premium-Mumbai residential peer.
• DLF Limited: India's largest listed real estate developer with a diversified residential, commercial and retail portfolio across major metros. Directly comparable in both residential development and Grade-A commercial leasing, making it the closest large-cap reference for L&T Realty.
• Sobha Limited: Listed developer with integrated in-house construction capabilities and a pan-India footprint spanning Bengaluru, Chennai, Hyderabad, NCR, Pune and Kochi. Overlaps with L&T Realty on premium residential delivery and integrated-design-to-completion model.
• Brigade Enterprises: Listed Bengaluru-headquartered developer with residential, commercial and hospitality projects across South India and select metros. Highly comparable on the Bengaluru and Chennai residential thesis where L&T Realty has launched Elara Celestia and Avinya Enclave.
• Prestige Group (Prestige Estates Projects): Listed South-India headquartered developer with significant presence in Bengaluru, Mumbai, Hyderabad, Chennai and NCR. Comparable mix of premium residential, commercial office and retail developments overlapping with L&T Realty's Bengaluru, Mumbai and Chennai projects.
• Oberoi Realty: Listed Mumbai-based premium residential and commercial developer focused on luxury high-rises and Grade-A offices in the same micro-markets (Powai, Goregaon, Worli, Thane) where L&T Realty is heavily concentrated.
• Godrej Properties: Listed real estate arm of the Godrej Group with a pan-India residential and commercial portfolio spanning Mumbai, NCR, Bengaluru, Pune, Chennai and Hyderabad. Highly comparable multi-city development strategy, premium positioning and conglomerate-backed brand trust.

Broad incumbents

• Mahindra Lifespace Developers: Listed real estate arm of the Mahindra Group developing residential projects across MMR, Bengaluru, Chennai, Pune and NCR. Comparable conglomerate-parent brand trust and mid-to-premium residential positioning overlapping with several L&T Realty markets.
• Shapoorji Pallonji Real Estate: Real estate arm of the Shapoorji Pallonji Group with residential and commercial projects across Mumbai, Pune, Bengaluru and NCR. Comparable Mumbai-centric luxury residential positioning and engineering-driven construction heritage.
• Tata Housing Development Company: Real estate arm of the Tata Group with diversified residential and township projects across India. Comparable conglomerate-backed brand positioning and multi-city footprint, though Tata's broader portfolio is more diversified beyond pure real estate.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

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• Xx.com/lnt_realty

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about L&T Realty