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 Bengaluru and NCR,” Anupam Kumar, managing director and chief executive officer, L&T Realty, told Business Standard. “L&T looks at businesses that have growth potential and alignment to the larger organisation. Whichever area L&T sees growth for the next 10 years, the impetus is on that. That is how realty has been recognised as one of the major growth businesses for the company,” he said.
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