DLF to consolidate land holding

DLF plans to invest Rs 300-400 crore over the next couple of quarters to acquire land in areas of New Gurgaon and Chandigarh to consolidate its land holding. The company has already started its investment on land acquisition since the previous quarter as it saw demand picking up in the housing sector. This has resulted in exceeding its capital expenditure by Rs 500 crore during the third quarter of the current fiscal. Contact: DLF Ltd. Tel: 011-4210 2030. Website: www.dlf.in