L&T Bags ₹2,500 Cr Construction Orders: 18 Residential Towers and Commercial Project Across Bengaluru and 2 Other Cities
Larsen & Toubro (L&T) has secured significant construction orders worth between ₹1,000 crore and ₹2,500 crore for residential and commercial developments across Mumbai, Bengaluru and Hyderabad. The projects include 18 residential towers across the three cities and a premium commercial tower in Hyderabad, strengthening the company’s presence in India’s major real estate markets.
Details of L&T’s latest construction orders
L&T’s Residential, Commercial Buildings & Factories (RCF) business vertical secured multiple orders from a prestigious client for three developments across Mumbai, Bengaluru and Hyderabad.The contracts are in the ‘Significant’ order category by L&T which ranges from ₹1,000 crore to ₹2,500 crore. The company has also received additional orders for some of its ongoing projects.
The projects involve two residential housing projects with a total of nine towers in Mumbai and Bengaluru, and a premium commercial tower in Hyderabad. The construction range is different for the three cities, ranging from 20 to 50 floors.
Mumbai
L&T has secured an order for construction of the 9 high-rise residential towers in Mumbai, each having 50 floors above ground and 1 basement level. The project will involve a total of 450 above-ground floors and nine basement levels, taking the combined building count to 459 levels across nine towers.
Housing activity in Mumbai’s residential market remained robust in 2026, with the Mumbai Metropolitan Region (MMR) seeing 1% growth in the first nine months of the year. Meanwhile, new housing launches rose by 13% to 72,673 units for the same period. Mumbai continued to be India’s biggest residential market with 28% share of the total housing sales in the top eight markets.
Residential prices in Mumbai averaged at ₹37,000 per sq. ft. in the Q3 2026, appreciating by 5% annually. The average price in Thane ranged from ₹13,000 to ₹21,000 and ₹6,000-35,000 per sq. ft in Navi Mumbai. Residential development continues to be supported by infrastructure developments in the wider MMR region such as metro expansion, coastal road connectivity and suburban road improvements.
Bengaluru
L&T has bagged a construction contract of nine residential towers in Bengaluru, each having three basement and 25 floors above ground. The 225 above-ground floors and 27 basement floors will be added to the total of 252 building floors across nine towers.
In 2026, the residential market in Bengaluru remained to grow due to employment growth, expansion of the IT sector and demand for premium homes. The city’s residential transactions totalled 43,140, up 5% year on year to January-September 2026. New residential launches rose 4% to 53,142 during the same period. The value of residential properties also rose 11% year on year in Q3 2026.
The commercial real estate market, has also played a role in housing demand for the city. Bengaluru’s office leasing grew by 15.4% in Jan-Sep 2026 with the volume of space reaching 17.11 million sq. ft. It made up 28% of India’s total office leasing during the period. East and South-East Bengaluru, specifically Varthur, Panathur Road and Sarjapur Road, continued to be active residential development markets in Q3 2026.
Hyderabad
L&T’s third order is for the construction of a high-end commercial tower in the city of Hyderabad, which has 22 floors above ground and five basement floors which totals to a 27 levels for the project. It is part of the company’s Residential, Commercial Buildings & Factories (RCF) business vertical and brings a commercial real estate development to the company’s order book in its multi-city portfolio.
Residential developers and commercial occupiers continued to move in on the Hyderabad real estate scene in 2026. There were 12,970 residential sales in the city in Q3 2026, which was 15% higher than in the same period the previous year. New housing starts rose 120% to around 18,950 units in the quarter compared with 15,700 units in the same period in 2025. Nearly 97% of the newly launched homes fell in the segment of above ₹80 lakh, reflecting the developers’ inclination towards premium housing.
The leasing activity in the commercial property market was also higher, with office leasing increasing by 9.93 million sq. ft. in the first nine months of 2026, rising 32% year on year. In Q3 alone, Hyderabad had 4.55 million sq. ft. of office leasing. Commercial occupancies continued to be a major demand driver and were found at GCCs and BFSI companies, while Madhapur, HITEC City and Gachibowli continued to draw commercials. The growth of employment hubs is also driving residential demand in western Hyderabad areas with Kokapet and Kollur being a major area.
Conclusion
L&T’s latest construction orders highlight the continued scale of residential and commercial development across Mumbai, Bengaluru and Hyderabad. With 18 residential towers and one commercial tower added to the project portfolio, the contracts reflect demand for large-scale building construction across India’s major real estate markets.
