Larsen & Toubro (L&T), a major infrastructure company, announced that its subsidiary, L&T Realty Properties Ltd, has acquired a 100% stake in International Green Scapes Ltd (IGSL), gaining access to 20 acres of prime land in Gurugram, Haryana, India. The acquisition, valued at ₹1,123 crore (approximately $135 million USD), is poised to facilitate the development of approximately 3.6 million square feet of real estate. This marks L&T Realty's first foray into land acquisition within the National Capital Region (NCR), reflecting the company's strategy to expand its real estate portfolio amid increasing demand for premium housing and commercial spaces in rapidly urbanizing areas of India. On April 10, L&T had finalized the Share Purchase and Shareholders’ Agreement for this acquisition, which was completed on April 13, 2026. Additionally, L&T Realty Properties has been active in acquiring land across major cities, including Mumbai and Bengaluru, with a total potential of 3 million square feet last fiscal year. The company is also consolidating its real estate operations under a single entity to better capitalize on India's burgeoning real estate market driven by infrastructure development and urban migration. Following the announcement, shares of Larsen & Toubro rose by 1.62%, trading at ₹4,079.00 on the Bombay Stock Exchange.