Meanwhile, DLF’s stock rose by 1.15 per cent to Rs 827.70 on the BSE.

The contract, valued at Rs 20.9 billion (excluding GST), pertains to civil, structural, and rough finishing works for a premium residential housing project—‘The Dahlias’—located in DLF5, Gurugram. The project is scheduled for completion over 44 months.

Ahluwalia Contracts confirmed that neither its promoters nor any associated group companies have any interest in DLF, the awarding entity. As a result, the transaction does not qualify as a related party deal.

Ahluwalia’s project portfolio includes residential and commercial buildings, hotels, institutional structures, hospitals, corporate offices, IT parks, and industrial complexes.

DLF, along with its subsidiaries, associates, and joint ventures, is engaged in end-to-end real estate development. This spans land acquisition, project planning, construction, marketing, leasing, power generation, maintenance services, hospitality, and recreational facilities.

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