Houses - Apartments for Sale

About L&T Sector 86 Gurgaon L&T Sector 86 Gurgaon is the project everyone in New Gurugram is talking about and nobody can buy. In April, L&T Realty — the real estate arm of Larsen & Toubro — paid Rs 1,123 crore for 100% of International Green Scapes Limited, and with it took control of 19.974 acres across Sector 81 and Sector 86. It is the group's first land purchase in NCR. The parcel carries about 3.6 million sq ft of development potential in the premium and luxury bracket. That is the whole of the confirmed record. There is no project name, no price, no floor plan, no possession date and no HARERA registration. Half a dozen microsites are already ranking for this query with 3 and 4 BHK layouts, a per-sq-ft rate and a 2030 possession date. None of it comes from L&T. This page separates the two. At a glance Project L&T Sector 86, New Gurugram — no launch name announced Developer L&T Realty Properties Limited, part of Larsen & Toubro Land 19.974 acres across Sector 81 and Sector 86, Gurugram How it was bought 100% share purchase of International Green Scapes Limited Consideration Rs 1,123 crore, all cash Deal dates Announced 10 April · completed 13 April Licences Three licences from the Department of Town and Country Planning, Haryana, for residential development Development potential About 3.6 million sq ft Expected product Premium / luxury high-rise, 3 and 4 BHK HARERA registration None yet — the project is pre-launch Price Not announced Possession Not announced What L&T actually bought The deal was not a plain land sale. L&T Realty Properties Limited acquired the entire shareholding of International Green Scapes Limited, a Delhi company whose main asset was the Gurugram land. Buying the company rather than the acres is normal in Haryana, because the DTCP licences sit with the licensee — transfer the shares and the licences travel with them, instead of going back into a fresh approval queue. Three things in that structure matter to a buyer: The licences already exist. The land is licensed for residential development, so L&T starts from building plans and RERA rather than from a change-of-land-use application. The money is already spent. Rs 1,123 crore went in before a single flat was sold. Most of the stalled towers in this belt were funded the other way round — with buyers' money first and land payments later. 

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