Builders aiming to buy DLF land
DLF has a huge debt in market over Rs 20,000 crore. To reduce the debt load DLF planned to sale their non core properties.
As a result they planned to sell the 17 acre Mumbai Textile Mill property at Lower Parel.
A number of well known builders like Wadhwa Group, Pune based Avinash Bhosale, Piramal Realty, Runwal group and Oberoi realty are among the contenders of the land for sale.
According to sources DLF was expecting a price of about Rs 4000 crore for the land. However the price seems to be an issue between DLF and the prospective buyers.
It is informed that the DLF acquired the land in 2005 by paying Rs 702 crore, which was told as country’s largest transaction at that time.
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DLF planning to sell non core asset to reduce Debt burden
Source : Economic Times
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