Lodha Developers acquires DLF’s 17-acre land in Mumbai

02 Nov 2012

Lodha Developers has acquired realty major DLF’s 17-acre land in Mumbai for Rs 2,725 crore, the largest realty deal so far this year. In August, DLF had announced sale of this land parcel to Lodha Developers for about Rs 2,700 crore, almost four times higher than the price it had paid in 2005.

India's largest real estate company, DLF, had bought the land from National Textile Corporation for Rs 703 crore and decided to sell the land as part of the strategy to exit from non-core business.

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