DLF has sold 9 acre land parcel in New Gurugram to American Express for about Rs 300 crore in one of the costliest land deals in this area. The selling price comes out to be around Rs 32 crore per acre. American Express will develop a large campus on this land parcel, which is located in Sector 74A, known as New Gurgugram.
DLF is one of India's biggest property developers. The company’s primary business is development of residential, commercial and retail properties. The company has a unique business model with earnings arising from development and rentals.
