India’s largest real estate developer -DLF, is in talks with three Mumbai-based real estate companies -- Lodha Developers, Runwal Group and Sheth Creators, to sell a piece of land in central Mumbai, as mentioned in some media reports. While DLF is seeking a valuation of Rs 3000 crore for the 6.8 hectare property, the potential buyers are negotiating at between Rs 2000 crore and Rs 2200 crore.
Lodha Developers, Runwal group , Sheth Creations are some of the speculated buyers running in a race to acquire the largest real estate’s developer’s Mumbai land. However, the company is yet to make up his mind, as it is expecting higher valuations. The company brought the land for Rs 702 crore from state owned National Textile Corporation.
Recently, DLF’s first residential project in Lucknow - Gardencity, has won the ‘Integrated Township of the Year - North India’ award at the Realty Plus Excellence Awards 2012.
