+
DLF's Chennai Land Sale Fetches Rs 7.35 Bn
Real Estate

DLF's Chennai Land Sale Fetches Rs 7.35 Bn

DLF's subsidiary has successfully sold a 4.67-acre land parcel in Chennai, fetching Rs 7.35 billion in the transaction. This divestment represents a strategic move by DLF to optimise its asset portfolio and unlock value from its real estate holdings.

The sale of the land parcel underscores DLF's focus on capitalising on market opportunities and maximising returns for its stakeholders. The transaction is expected to enhance DLF's liquidity position and strengthen its financial flexibility for future growth initiatives.

The divestment of the Chennai land parcel aligns with DLF's broader strategy to rationalise its land bank and prioritise development projects with higher potential for value creation. By monetizing non-core assets, DLF aims to streamline its operations and focus on core business activities.

The successful sale of the land parcel in Chennai reflects the attractiveness of DLF's real estate assets and the resilience of the Indian property market. Despite the challenges posed by the COVID-19 pandemic, DLF continues to leverage its strong market position to capitalise on lucrative opportunities.

As DLF continues to execute its strategic initiatives, stakeholders anticipate further value creation and growth prospects for the company. The divestment of the Chennai land parcel underscores DLF's commitment to enhancing shareholder value and maintaining its leadership position in the Indian real estate sector.

DLF's subsidiary has successfully sold a 4.67-acre land parcel in Chennai, fetching Rs 7.35 billion in the transaction. This divestment represents a strategic move by DLF to optimise its asset portfolio and unlock value from its real estate holdings. The sale of the land parcel underscores DLF's focus on capitalising on market opportunities and maximising returns for its stakeholders. The transaction is expected to enhance DLF's liquidity position and strengthen its financial flexibility for future growth initiatives. The divestment of the Chennai land parcel aligns with DLF's broader strategy to rationalise its land bank and prioritise development projects with higher potential for value creation. By monetizing non-core assets, DLF aims to streamline its operations and focus on core business activities. The successful sale of the land parcel in Chennai reflects the attractiveness of DLF's real estate assets and the resilience of the Indian property market. Despite the challenges posed by the COVID-19 pandemic, DLF continues to leverage its strong market position to capitalise on lucrative opportunities. As DLF continues to execute its strategic initiatives, stakeholders anticipate further value creation and growth prospects for the company. The divestment of the Chennai land parcel underscores DLF's commitment to enhancing shareholder value and maintaining its leadership position in the Indian real estate sector.

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?