L&T eyes up to Rs 40,000 crore in pre-sales from real estate business

Plans land acquisition, seeks to add 25-30 million SQFT per year to portfolio

Buoyed by regulatory overhaul and infrastructure boom, engineering conglomerate Larsen & Toubro (L&T) has identified realty business as one of its growth engines for the next 10 years and plans to acquire land parcels while expanding pre-sales, said a senior company executive.

L&T Realty has started looking out to acquire land parcels and grab partnership development opportunities across markets to scale up its business.

“We are making some strides in that direction, albeit cautiously. We are looking for something in the range of 50-60 acres, mostly in Bangalore and NCR,” Anupam Kumar, managing director and chief executive