DLF wins Gurgaon land for Rs 17.5 bn

DLF wins Gurgaon land for Rs 17.5 bn
DLF has bagged a 350-acre plot for Rs 17.5 billion in Haryana for developing a recreation and leisure project, making it one of the costliest land deals in recent times.

The letter of acceptance has been issued to the successful bidder (DLF) after getting the approval from the state government, Haryana State Industrial & Infrastructure Development Corporation (HSIIDC) deputy general manager said.

Earlier, DLF (Q, N,C,F)* emerged as the sole bidder for the 350-acre project after the bids of other parties, Unitech and Malaysia-based Consortium comprising Country Heights, Country Club of South Africa and Rajarhat IT Park did not qualify on technical grounds.

The qualified bidder, DLF, had quoted its bid at Rs 12,000 per sq mt against the reserve price of Rs 11,978 per sq mt for the project.

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