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DLF to sell prime land in Mumbai for Rs 2,700 crore

31 Jul 2012 Evaluate

DLF, India’s largest real estate developer is in discussion with Lodha Developers to sell its prime land in Mumbai for about Rs 2,700 crore. In 2005, it had purchased 17.5 acres of land from the National Textile Mills for about Rs 700 crore and now wants to sell this land to divest non-core assets to reduce its huge debt of Rs 22,725 crore.

The company is asking for the full payment at a time and does not want staggered payments. Lodha Developers will rope in a private equity firm in this deal. In the last couple of years, DLF has raised Rs 4,844 crore from sale of non-core assets, which included hotel plots and IT Park/SEZs.

DLF Share Price

601.80 12.10 (2.05%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 871.70
Dilip Buildcon 457.55
DLF 601.80
Oberoi Realty 1710.00
Ahluwalia Contract(I 832.90
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