DLF’s Mumbai land sale deal captures strength
DLF’s Mumbai land sale deal has captured strength as three buyers are in advanced stages of negotiation.
Sources said that the deal may close in the next couple of months.
Three major developers including Oberoi Realty, Lodha Developers and Runwal Group are currently negotiating the deal.
The deal is likely to range between Rs 2300 crore to Rs 2600 crore. Lodha Developers and the Runwal Group are supported by HDFC while Oberoi Realty is backed by GIC and Morgan Stanley.
According to sources, the permissible FSI on this plot is not yet confirmed. The deal is expected to be closed in the next 2 months. However, DLF has not yet commented anything about it.
To read more real estate news:
DLF focuses on luxury homes to drive its profit margin
Source: Money Control
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