L&T Realty readies its first Gurugram housing project, Aravista, in Sector 86

L&T Realty, the real estate arm of Larsen & Toubro, is preparing to market L&T Aravista, its first residential project in Gurugram, on land in Sector 86 of New Gurgaon. A broker's project page, labelled October 2026, says the project is taking expressions of interest (EOIs) of ₹10 lakh with KYC. The page does not say when the window opened, and the developer has not announced a launch date.

What is confirmed, and what is not

The clearest fact is the land deal. Larsen & Toubro said its subsidiary, L&T Realty Properties Ltd, would acquire a 100% stake in International Green Scapes Limited for ₹1,123 crore in cash. The agreement was signed on 10 April 2026 and completed on 13 April 2026. The target company holds nearly 20 acres, which the company's filing puts at 19.974 acres, across Sector 81 and Sector 86 in Gurugram. Those licences were issued by the Department of Town and Country Planning, Haryana. L&T has said the land can carry development potential of about 3.6 million sq ft.

Beyond the land, the picture is thinner. The RERA registration number has not been issued. The application is filed, but until the number is issued, no unit can be formally sold under the project. A broker page cites a temporary project ID, but we could not match that reference to the Haryana RERA portal. A hearing listing for a project called "Aarvista" appears on the portal, but nothing links it to L&T Aravista, so it should not be read as confirmation. There is no allotment, no builder-buyer agreement and no possession date on record. A third-party listing gives September 2032, but no official source supports that date.

What the broker page says about the project

According to the broker's page, which the developer has not confirmed, the site will have seven towers of G+37 floors with about 900 homes in 3, 4 and 5 BHK configurations. Phase 1 would open three towers: two of 3 BHK and one of 4 BHK, each in two collections, Majesta and the larger Luxuria. Listed sizes run from about 2,500 sq ft for a 3 BHK Majesta to about 4,000 sq ft for a 4 BHK Luxuria, with three basement levels.

• Starting price: the broker's page says ₹4.75 crore, excluding taxes and charges. Another project site shows ₹4.99 crore onwards.
• Unit count: one listing says about 444 units in three towers, while another mentions about 450 residences in Phase 1.
• Site size: one guide puts the land at about 18 acres, against the 19.974 acres in the company's filing.
• Parking: the broker's page refers to about 2,200 car parking spaces across the project.

These differences matter. A buyer comparing a ₹4.75 crore price with a ₹4.99 crore price, or a 444-unit project with a 900-home one, is comparing different documents. The only figures that will bind the developer are those in the RERA-registered project details, which are not yet public.

Location and what it means for the micro-market

Sector 86 sits in New Gurgaon, where residential projects have spread across several sectors. A project-linked site says NH-48 connects New Gurgaon with Delhi, central Gurugram and Manesar, and places the site at the Dwarka Expressway and SPR junction. That is developer-linked marketing material and not an official road source, so it is best read as a pointer to access rather than a verified travel time. Demand in the city has been moving towards high-end homes and integrated townships along Golf Course Extension Road and the Dwarka Expressway, which is the context in which this launch will be judged.

For Gurugram buyers, the project is a test of how a large Mumbai-linked developer prices its first NCR homes. L&T has said it plans around ₹25,000 crore of residential projects across Mumbai, Bengaluru and the National Capital Region in the second half of FY27, according to an interview with its CEO and managing director, Anupam Kumar. No verified local price data for Sector 86 was found in the sources reviewed, and we have not seen any regulator comment on price effects.

What buyers should do next

The next step is the RERA registration number. Once it is issued, buyers should look for the carpet area, approved layout and declared completion date on the Haryana RERA website, and compare them with the broker's figures. The full cost sheet, covering preferential location charges, parking, club membership and external and internal development charges, and the final payment plan will matter more than the headline price. Anyone paying an EOI should ask for refund terms in writing, pay only to the developer's own account, and keep every receipt. The broker says it will update its page once the registration is issued. Until then, an EOI is a place in the queue, not a purchase.