+
DLF sells Chennai land for Euro 80 mn
Real Estate

DLF sells Chennai land for Euro 80 mn

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.

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.

Next Story
Infrastructure Urban

CJ Logistics’ Global CEO visits India to align growth strategy

Jonathan Song, newly appointed CEO of the Global Business Division at South Korea-based CJ Logistics, concluded a strategic three-day visit to India from July 29 to 31, reinforcing the company’s long-term commitment to the market through its subsidiary, CJ Darcl Logistics Ltd. Mr Song held high-level discussions with the CJ Darcl leadership and key customers to understand India’s evolving logistics needs, identify synergy areas, and enhance business alignment. His visit highlighted the strategic significance of India in CJ Logistics’ global network, especially amid the country’s g..

Next Story
Real Estate

Max Towers secures five star rating in safety audit by British Council

Max Estates, a leading NCR-based real estate developer, has achieved a five star rating in its first attempt at the British Safety Council’s ‘Five Star Occupational Health and Safety’ Audit for Max Towers, its premium commercial office project in Noida. The grading reflects the organisation’s commitment to the continual improvement of its occupational health and safety systems. The comprehensive audit covered documentation, interviews with senior management and employees, stakeholder feedback, and rigorous sampling of on-ground activities. It assessed performance against best prac..

Next Story
Real Estate

India’s Tier 2 & 3 Cities: The Next Growth Frontier for Real Estate

Introduction India’s metropolitan cities have long dominated the real estate landscape, shaping both market trends and public discourse, but the narrative is shifting towards India’s tier 2 and 3 cities. Beyond the metro cities, Tier 2 and Tier 3 cities such as Indore, Ahmedabad, Chandigarh, Jaipur, Coimbatore, Lucknow, Bhubaneswar, Kochi, Surat, Guwahati, and many others are emerging as vibrant real estate hubs. This growth is driven by impetus from rapid urbanisation, logistics corridors like the Delhi Mumbai Industrial Corridor, IT/ITeS investment zones, emergence of global capabil..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?