DLF sells Chennai land for ?80 million

15 Mar 2024 CW Team

DLF, one of India's leading real estate developers, has recently concluded a significant deal by selling a prime land parcel in Chennai. The transaction, valued at approximately ?80 million, marks another strategic move by DLF in optimising its asset portfolio.

The land parcel, spanning across a substantial area in Chennai, has been acquired by Cholamandalam Investment and Finance Company, a renowned financial institution in India. This deal underscores the attractiveness of Chennai's real estate market and the confidence investors have in its growth potential.

DLF's decision to divest this land parcel aligns with its broader strategy of unlocking value from its land bank. By strategically monetising non-core assets, DLF aims to enhance its liquidity position and focus on its core business of developing residential and commercial projects across India.

This transaction also reflects the buoyancy in the Indian real estate sector, particularly in Chennai, which continues to attract significant investments from both domestic and international players. With its strategic location, robust infrastructure, and burgeoning economic opportunities, Chennai remains a hotspot for real estate investments.

The successful conclusion of this deal reaffirms DLF's commitment to maximising shareholder value and capitalising on emerging opportunities in India's dynamic real estate landscape. It also underscores the company's prudent approach to asset management and its ability to leverage strategic partnerships for mutual growth.

Overall, this transaction not only signifies a significant milestone for DLF but also underscores the resilience and potential of Chennai's real estate market. As the industry continues to evolve, such strategic moves are expected to drive growth and create value for stakeholders across the board.

Equipment

11 Dec 2025

Caterpillar Debuts Three New Cat Excavators at EXCON 2025

Caterpillar Inc., a global leader in construction and mining machinery, strengthened its commitment to India’s infrastructure growth with the debut of three new Cat® hydraulic excavators at EXCON 2025, held from December 9–13 at the Bangalore International Exhibition Centre. The new models—Cat 321, Cat 322 and Cat 324—mark a significant step forward in delivering efficient, digital-ready equipment tailored for India’s evolving construction needs.Designed to support sustainability and productivity on modern jobsites, the machines feature advanced powertrains and intelligent electrohy..

JK Tyre Expands OTR Lineup with Four New Launches at EXCON 2025

JK Tyre & Industries, one of India’s leading tyre manufacturers, introduced four new Off-the-Road (OTR) tyres at the 13th edition of CII EXCON 2025, South Asia’s largest construction equipment exhibition, underway at the Bangalore International Exhibition Centre. The latest additions strengthen the company’s OTR portfolio and reaffirm its focus on delivering advanced mobility solutions for construction, mining and industrial operations.The new tyres were unveiled by R Mukhopadhyay, Director (R&D), JK Tyre. Among the highlights was the debut of the SKY GRIP, a specialised tyre des..

ACE, Sanghvi Movers Ink MOU to Boost India-Made Heavy Crane Adoption

Action Construction Equipment (ACE), the world’s largest pick-and-carry crane manufacturer and a leading Indian construction equipment maker, has entered into a strategic Memorandum of Understanding with Sanghvi Movers, Asia’s largest and the world’s fifth-largest crane rental company. The partnership aims to accelerate the deployment of indigenously manufactured heavy slew cranes, particularly truck cranes and crawler cranes, across large-scale infrastructure and industrial projects in India.The alliance aligns strongly with the Government of India’s “Aatmanirbhar Bharat” and “M..