Launch plans
L&T Realty plans ₹25,000 crore residential launches in H2 FY27
L&T Realty, the real-estate arm of Larsen & Toubro, has said it plans three to four residential launches in the second half of FY27 across Mumbai, NCR and Bengaluru, with combined launch potential of ₹25,000 crore. The company has not named projects, sites, prices or launch dates.
| Announcement | CEO and Managing Director Anupam Kumar interview, published October 7, 2026 (as of October 2026) |
|---|---|
| Planned residential launches | Three to four in H2 FY27 (October 2026 to March 2027), phased rather than released at once |
| Combined launch potential | ₹25,000 crore across Gurugram, Bengaluru and Mumbai (not a value for any single project) |
| Split by city | Two launches each in NCR and Bengaluru; Mumbai also included in the plan |
| FY26 presales | About ₹10,000 crore |
| Development pipeline | More than 70 million sq ft under execution or at planning stage; target close to 150 million sq ft over four to five years |
| Residential share of portfolio | Expected mix of about 85:15 residential to commercial |
| Undisclosed | Project names, land sizes, unit counts, prices, RERA registrations and booking dates |
What was announced
On October 7, 2026, L&T Realty published an interview with its CEO and Managing Director, Anupam Kumar, on the company's plans for residential launches in the second half of FY27 (October 2026 to March 2027). Business Standard reported the plan on October 6, 2026.
Kumar said the company expects three to four residential launches in this period. He said the launches would be phased rather than released all at once. The combined launch potential is ₹25,000 crore. That figure covers the planned launches across Gurugram, Bengaluru and Mumbai. It is not the disclosed value of any single project.
Where the launches are planned
The interview specifies two launches each in NCR and Bengaluru. Mumbai is also included in the broader plan. Kumar said the company works through partners on Mumbai projects. In other cities it acquires and develops land directly.
In Mumbai, Kumar said most of the portfolio is led by Slum Rehabilitation Authority (SRA) projects, because developable land is scarce. He said the company favours cluster redevelopment projects above 1.5 to 2 million sq ft. Outside Mumbai, it generally targets developments larger than 4 million sq ft. Its stated NCR target is around 10 million sq ft. In Bengaluru it is pursuing larger opportunities, including mixed-use townships.
No specific localities, connectivity projects or infrastructure links for the planned launches were named.
Sales and pipeline
L&T Realty reported FY26 presales of about ₹10,000 crore. Kumar said the first half of FY27 was expected to be measured. He said stronger momentum was anticipated in Q3 (October to December 2026) and Q4, supported by large launches.
The company says its portfolio has development potential of more than 70 million sq ft across projects under execution or at the planning stage. It aims to grow this to close to 150 million sq ft over four to five years. It also said it is consolidating its property assets under L&T Realty to create a single real-estate entity, with acquiring projects and building its pipeline as stated priorities.
Market view
Kumar said price growth in the Mumbai Metropolitan Region and other leading markets is likely to slow from recent exceptional levels as new supply enters. He expected growth to stabilise at around 10%, and said Bengaluru would likely follow a similar path. These are the CEO's own assessments, not forecasts from an independent source.
He said price performance would vary by project, depending on design, quality, location, target segment, distinctiveness and buyer confidence. He also said premium and luxury housing, where L&T Realty operates, was facing relatively limited pressure on sales velocity compared with affordable and sub-premium housing.
What it means for buyers and investors
For buyers, the announcement does not yet offer anything they can act on. No project names, locations within cities, prices, unit sizes, payment plans or RERA registration numbers have been disclosed. Buyers who want to consider these launches should wait for project-level filings and sales material, and check RERA registration for any project before booking.
For investors, the main information is the scale of the company's stated plans and its market outlook. Kumar said launches depend on approvals and on how quickly acquired projects become market-ready. He described approvals as a key execution variable. Launch timing could therefore move.
What happens next
L&T Realty plans to phase the residential launches during H2 FY27. No individual launch dates have been given. Kumar said stronger launch momentum was expected in Q3 and Q4 of FY27, subject to projects clearing approvals and becoming market-ready.
The company's stated objective is to have visibility across at least the next 12 quarters by the end of FY27. Its longer-term goal is to scale the development pipeline to close to 150 million sq ft over four to five years.
Frequently asked questions
How much is L&T Realty planning to launch in H2 FY27?
L&T Realty says the combined launch potential of its planned residential launches is ₹25,000 crore. The figure covers Gurugram, Bengaluru and Mumbai. It is not the value of any single project. The company plans three to four launches, which it says will be phased.
Which cities are the launches in?
The plan covers NCR (Gurugram), Bengaluru and Mumbai. The company specified two launches each in NCR and Bengaluru, and said Mumbai is also included.
Has L&T Realty named the projects or given prices?
No. As of October 2026, the company has not disclosed project names, land sizes, unit counts, prices, RERA registrations or booking dates.
What could delay these launches?
The CEO said approvals and how quickly acquired projects become market-ready will affect launch timing. He described approvals as a key execution variable.
What did L&T Realty report for FY26 sales?
The company reported FY26 presales of about ₹10,000 crore.
What does the company expect for property price growth?
CEO Anupam Kumar said price growth in the Mumbai Metropolitan Region and other leading markets is likely to moderate as new supply enters, stabilising at around 10%. He expects Bengaluru to follow a similar path. These are his own assessments.