Search Options
IREF® - Indian Real Estate Forum > Real Estate Open House > General Real Estate Discussion > Real Estate Developers India > DLF > DLF Plans Land Acquisition in New Gurgaon and Chandigarh
LinkBack Thread Tools Search this Thread
Old February 8 2011, 07:15 PM   #1
Veteran Member
Join Date: Sep 2010
Posts: 1,567
Likes Received: 73
Likes Given: 167
My Mood: Angelic
Default DLF Plans Land Acquisition in New Gurgaon and Chandigarh

DLF, the country’s largest real estate company, plans to make an average quarterly investment of 300-400 crore over the next couple of quarters to acquire land in areas such as New Gurgaon and Chandigarh to consolidate its land holding. With demand picking up in the housing sector, the company has already started its investment on land acquisition since the previous quarter. This has resulted in exceeding its capital expenditure by 500 crore during the third quarter of the current fiscal.

“We are focused on both land acquisition and divestment of non-core assets,” DLF’s chief financial officer Ashok Tyagi, said in a conference call to its financial investors. Last quarter, the company sold some non-contiguous land, which was not giving much economic value, he added.

The company has made 403 crore through divestment of non-core assets during the third quarter of the current fiscal, which took its total realisation from divestments to 2,900 crore
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Join IREF Now!    
Related Threads
High Court Notice at Expressway Land given to Jaypee - Illegal Land Acquisition Row
Land Bill Acquisition for Sector 5X / 6X in Gurgaon
Land acquisition bill: States to decide who acquires land

acquisition, chandigarh, dlf, gurgaon, land, plans