L&T Realty buys land in Central Delhi for Rs 200 crore

New Delhi: L&T Realty Developers Ltd, (LTRDL) , a wholly-owned subsidiary of Larsen & Toubro (L&T), has acquired a 2.5-acre land parcel in central Delhi for nearly Rs 200 crore, two people aware of the development said.

The Mumbai-based developer, which has been expanding its presence in the National Capital Region through acquisitions in Noida and Gurugram, plans to develop a boutique luxury residential project on the site.

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The acquisition follows L&T Realty Properties Ltd (LTRPL) purchase of a 100% stake in International Green Scapes Ltd (IGSL), which gives it access to a 20-acre land parcel in Gurugram with a development potential of about 3.6 million sq ft.

“L&T has its office at the site and the structure will be demolished for the residential project, which will be launched following the conversions of land and necessary approvals,” said one person aware of the deal.

Developers including DLF, TARC, Unity Group and Raheja have already launched premium residential projects in central Delhi, while global players Hines, Conscient and HDFC Capital are jointly redeveloping the Birla Cotton Mills site in Kamla Nagar into a high-end mixed-use project.

Ongoing developments in the region include DLF One Midtown, The Leela Sky Villas, Kailasa by TARC and The Amaryllis by Unity Group, amid rising demand for luxury vertical housing.

In 2025-26, LTRPL and another wholly-owned L&T subsidiary, L&T Realty Developers Ltd, together completed land acquisitions across Mumbai, Delhi and Bengaluru with a combined development potential of about 3 million sq ft.

The latest acquisition also underscores the growing trend of developers from other cities expanding into the NCR to gain market share.

Bengaluru-based Prestige Group and Sobha Ltd, as well as Mumbai-based Oberoi Realty and Macrotech Developers (Lodha), have expanded aggressively in the NCR in recent years.