DLF makes profit in land sale buzz
The country’s largest listed real estate company, DLF‘s shares increased by 1.2 percent of Rs 197 after a report that the company is selling its plot in Mumbai.The report said that the plot is being sold to Lodha group and a private equity company for Rs 2,800 crore.
A report in Economic Times said the land sale will help the company to reduce its debt that stood at Rs 22,725 crore as of March 31.
DLF had bought the land from the National Textile Corporation in 2006 for Rs 703 crore.
To read more real estate news:
Corruption to be blamed for high prices in Mumbai realty sector
Source: First post.com
Tags:
Buildings, Construction, Delhi, DLF, Indian real estate, Lodha Group, Mumbai, Pune, Real estate company, Real estate in India, Realty, realty compnaies
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