Active Stocks
Thu Mar 28 2024 15:59:33
  1. Tata Steel share price
  2. 155.90 2.00%
  1. ICICI Bank share price
  2. 1,095.75 1.08%
  1. HDFC Bank share price
  2. 1,448.20 0.52%
  1. ITC share price
  2. 428.55 0.13%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
Business News/ Companies / News/  DLF sells New Gurugram land to American Express in one of ‘costliest’ land deals
BackBack

DLF sells New Gurugram land to American Express in one of ‘costliest’ land deals

DLF has sold a 9 acre land parcel in New Gurugram to American Express for about ₹300 crore
  • American Express will develop a large campus on this land parcel, which is located in Sector 74A
  • DLF is already developing a number of projects in this part of the IT city. (Mint)Premium
    DLF is already developing a number of projects in this part of the IT city. (Mint)

    New Delhi: Realty major 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, sources said.

    The selling price comes out to be around 32 crore per acre.

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

    When contacted, DLF's MD (Rental Business) Sriram Khattar and DLF group CFO Ashok Tyagi confirmed the development.

    "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 addedKhattar said the company would extend all help to the government for the development of New Gurugram as it did for Gurugram.

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



    Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

    Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
    More Less
    Published: 16 Sep 2019, 10:45 AM IST
    Next Story footLogo
    Recommended For You
    Switch to the Mint app for fast and personalized news - Get App

    Chat with MintGenie