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DLF strikes Gold with American Express; Sells New Gurugram 9 acre land for Rs 300 cr marking as India’s ‘Costliest’ Land Deals

DLF, American Express, Sector 74A, RealEstate, Biggest Deal, Realty Sector, Real Estate Industry, American Express campus, government, Gurugram Haryana, Land Deals, Land Acquisition, Land Development, Real Estate Projects, National Capital Region, Delhi, Real Estate Sector

DLF has sold a 9 acre land parcel in New Gurugram to American Express for about ₹300 crore in one of the costliest land deals in this area.The selling price comes out to be around ₹32 crore per acre.

A Recent Deal between DLF and American Express that adds more economic value to the Developing SPR(Sourthern Peripheral Road) And golf course extension road in gurgaon.

American Express will develop a large campus on this land parcel, which is located in Sector 74A, known as New Gurugram.

When contacted, DLF’s Managing Director (Rental Business) Sriram Khattar and DLF group CFO Ashok Tyagi confirmed the development by commenting . “This transaction creates a benchmark of value of the land in the area around Southern Peripheral Road (SPR) and NH-8 where the Haryana government has made a lot of effort to develop infrastructure,” he added Khattar said the company would extend all help to the government for the development of New Gurugram as it did for Gurugram.

Real Estate giant has totally rented its business venture in Gurugram, Haryana containing 2.5 million sq ft territory, and hopes to win a rental of about Rs 375 crore every year, a senior organization authority said.

India’s Largest Real Estate Developer DLF to build Country’s Largest Mall in Gurugram; in collaboration with GIC

The 12-section of land venture ‘Digital Park’ has been created by DLF Cyber City Developers Ltd (DCCDL), a joint endeavor among DLF and GIC, at an expected expense of about Rs 1,500 crore. It has office space with a little retail region.

“We have pre-rented almost 100 percent region in this Grade-A business venture,” DLF bunch MD (Rental Business) Sriram Khattar told PTI.

DLF enters into Joint Venture with Hines will invest Rs 1,900 crore to develop 2.9 million sq ft commercial project in Gurugram

The organization hopes to get inhabitance endorsement for this venture soon, he said.

DCCDL expects a rental pay of Rs 365-375 crore for every annum from this venture, Khattar said.

In a speculators introduction, DLF had a month ago said that the rental salary from this task would begin from October.

DLF is already developing a number of projects in this part of the IT city.

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