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L and T eyes up to Rs 40K cr in pre-sales from realty biz
Buoyed by regulatory overhaul and infrastructure boom, engineering conglomerate Larsen and Toubro (L and T) has identified realty business as one of its growth engines for the next 10 years and plans to acquire land parcels while expanding pre-sales, said a senior company executive. L and 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.