Moneycontrol Be a Pro
Get App
you are here: HomeNewsBusiness
Last Updated : Sep 16, 2019 08:33 AM IST | Source: PTI

DLF sells 9 acre land to American Express for around Rs 300 cr

American Express will develop a large campus on this land parcel, which is located in Sector 74A, known as New Gurgugram, they added.

Representative Image
Representative Image
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Realty major DLF has sold a 9 acre land parcel in New Gurugram to American Express for about Rs 300 crore in one of the costliest land deals in this area, sources said. The selling price comes out to be around Rs 32 crore per acre.

American Express will develop a large campus on this land parcel, which is located in Sector 74A, known as New Gurgugram, they added.

When contacted, DLF's MD (Rental Business) Sriram Khattar and DLF group CFO Ashok Tyagi confirmed the development.

Close

"This transaction creates a benchmark of value of the land in the area around Southern Peripheral Road (SPR) and NH-8 where the Haryana government has made a lot of effort to develop infrastructure," he added

Khattar said the company would extend all help to the government for the development of New Gurugram as it did for Gurugram.

DLF is already developing a number of projects in this part of the IT city.

Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Sep 16, 2019 08:20 am
Loading...
Sections
Follow us on
Available On