L&T Realty Properties Ltd (LTRPL), a subsidiary of Larsen & Toubro, has acquired a 100% stake in International Green Scapes Ltd (IGSL) for ₹1,123 crore (approximately $135 million USD), gaining 20 acres of land in Gurugram, Haryana. This acquisition, which is LTRPL's first in the National Capital Region (NCR), offers a development potential of 3.6 million square feet for residential projects. The deal aligns with L&T Realty's strategy to expand its footprint in the urban-premium and luxury real estate segments. LTRPL has been actively acquiring land, having completed acquisitions across major cities like Mumbai, Delhi, and Bengaluru, totaling 3 million square feet of development potential in fiscal year 2026 (FY26). S N Subramanyan, chairman and managing director of L&T, emphasized the transition of India's real estate market towards an organized ecosystem, predicting growth in both residential and commercial sectors over the next decade. The company has ambitious targets, with projections of ₹8,500 crore in sales and ₹4,700 crore in EBITDA by FY30, potentially valuing the business at around ₹58,000 crore. L&T Realty's portfolio now spans 70 million square feet across various segments, indicating a robust growth trajectory.