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- DLF plans to sell Gurgaon plot for Rs 400 cr; Tata Realty & M3M Developers in race to
DLF plans to sell Gurgaon plot for Rs 400 cr; Tata Realty & M3M Developers in race to buy
Ravi Teja Sharma, ET Bureau Aug 3, 2011, 04.04am IST
real estate firm|IT SEZ
NEW DELHI: India's biggest real estate firm DLF is selling a 27.4-acre plot of land in Gurgaon for around Rs 400 crore. The plot has all approvals and permissions for building a group housing project in place, including an approval for a built-up space of 2 million sq ft, sources, who did not want to be identified, said.
Real estate players such as Tata Realty and M3M Developers are believed to be in the race for the land, one person close to the development said. DLF is asking for a price ofRs 2,000 per sq ft, he said.
The land in Sector 70A is close to the new southern peripheral road in Gurgaon, which will connect national highway 8 with MG Road. DLF did not respond to an email sent by ET.CommentQuote0Flag
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