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Business News : DLF LTD Buys Gurgaon Plots In Rs.15 billion

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DLF ने गुड़गांव में 15 अरब में खरीदा प्लॉट

Business News : DLF LTD Buys Gurgaon Plots In Rs.15 billion.

The Industrial Development and Infrastructure Corporation of the State of Haryana (HSIIDC) has auctioned 11.76 acres in Gurgaon, for which DLF LTD has made an offer of Rs 1,496 crore. Three conscious sources of this matter have provided this information. Apart from this, the company may have to pay Rs. 143 crores separately for transit-oriented development rights. DLF will also pay Rs 120 crore for this land registry. If all are added, the total amount goes up to Rs 1,759 crore, while the reserve price of Rs 686 crore was set for this land.

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This is an amazing price for a piece of land in the National Capital Region (NCR). The land transactions were made through the electronic auction on Monday night. In this, the base price of Rs 127 crores per acre was maintained, which crossed all the reference points. For this, the last round was a match between DLF LTD and Bharti Realty. In this meeting, Indiabulls Real Estate, Experience Developers, Emar Group, Ambassi Group and RMZ have also shown interest. Bharti Realty made the second highest bid for this land with Rs 1,446 crore.

An HSIIDC official said on condition of anonymity that the subsidiary of DLF has made the highest bid of Rs 1,496 crore. However, the response from the company was not received until the question was written on Tuesday by the email. In November last year, Global Home Furnishing Company, IKEA bought 10 acres of land in Gurgaon for Rs 842 crore. He had obtained this piece of land in e-auction from Huda. Hooda is the development agency of the Haryana government.

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This land is close to NH 8 near the Oberoi Hotel in Gurgaon. The commercial and commercial space can be developed in this. Ankur Shrivastav, president of General Property Advisers, said: ‘It can be considered as an extension of the DLF Cyber ​​City Micro Market. This shows that DLF LTD NH8 wants to maintain its control in the case of prices, supply and occupation of profiles in the Cyber ​​City Micro Market.

Read More: Prestige Group Will Buy Of Rs 342 Crore Mall Assets| Business News

The land purchased by the company can be expected to grant 23 square feet of space lease. The space index of this plot is 1.75 times, which will be 3.5 times after the benefit of development rights oriented to transit. This land can be developed through DLF Cyber ​​City Developers Limited (DCCDL), which is a joint venture of the company with the sovereign fund GIC of Singapore. The DLF, DLF LTDpromoters sold the 33.34% stake in Rental Unit DLF Cyber ​​City Developers Limited for Rs 8,956 crore. The agreement was completed on December 26. The company now has a 66.66% stake in this subsidiary.

 

 

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