As a subsidiary company of Larsen and Toubro Infrastructure Development Projects Limited (L&T IDPL), L&T- UIL is formed to develop, promote, construct maintain and operate projects relating to real estate, property and urban infrastructure facilities pan-India. It has created a niche - and set a trend in the developing number of urban infrastructure projects by its Hitech City Project at Hydrabad in 1996 which is the first IT Park in India and has become a landmark of Hydrabad City for its unique architecture and magnitude.

Pragnya Fund 1, a Mauritius- based private equity fund, is focused on Indian real estate. Pragnya's India-based plans are long-term and its investment priority will focus on projects that deliver a differentiated and superior product priced attractively. Currently, several large investments are in the pipeline including a major SEZ in Kochi. Pragnya's investment choices are based on substantial, qualitative research of the markets and specific real estate products. Its investment in L&T South City is a vote of confidence in the potential for growth of the IT corridor in Chennai.