Lodha completes land deal with DLF
No Comments Sub Category:Mumbai,Realty News Posted On: Nov 02, 2012
Lodha Developers have completed the acquisition of 17-acre land in Mumbai from realty major DLF for Rs 2,725 crores.
In August, DLF had announced sale of the land parcel to Lodha Developers for about Rs 2,700 crore and it has been termed the largest realty deal so far this year.
DLF had bought the land from National Textile Corporation for Rs 703 crore and decided to sell the land later. The sale has been called as part of their strategy to exit from non-core business.
Lodha had paid Rs 500 crore as advance to DLF in August.
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DLF, Lodha Developers, lodha dlf land deal, Lodha Group, Mumbai, Mumbai Properties, National Textiles Corporation, Real estate in India
