LT Wins Significant Housing Projects Fueling Real Estate Expansion

Infrastructure giant Larsen & Toubro (L&T) announced that one of its verticals has secured "significant" projects to build residential buildings from a reputable developer.  According to a regulatory filing by L&T, Larsen & Toubro's construction and factories division will build residential towers in Bangalore, Chennai, and Mumbai.

According to the document, all of the projects must be completed within strict deadlines. A project worth between Rs 1,000 crore and Rs 2,500 crore is classified as a "significant order" by Larsen & Toubro.

The company has obtained multiple add-on orders for its ongoing projects in addition to the new ones. With operations in several regions, Larsen & Toubro is a USD 27 billion international company specializing in engineering, procurement, and construction (EPC) projects, high-tech manufacturing, and services.

With L&T helping to build contemporary residential areas in key cities, this development demonstrates the growth of India's real estate industry.  Large-scale housing projects that assist urban development are part of the company's recent orders, which further solidify its leadership in the EPC sector.