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DLF awards Rs 1,450 crore contract to Leighton Welspun Contractors

13 Sep 2013 Evaluate

DLF, the country’s largest realty firm has given Rs 1,450 crore contract to Australian construction firm Leighton Welspun Contractors to build the super luxury residential development ‘The Camellias’. The company has taken this step to outsource the construction to third parties in order to accelerate the delivery of projects.

The Camellias will occupy about 16.15 acres and a tentative built up area of approximately 4.5 million square feet. The project will have 429 apartments, including 14 penthouses. The construction will commence in the third quarter of 2013 and will be completed by third quarter of 2017.

Leighton Welspun Contractors is part of Leighton Group, one of the world’s largest EPC and contract mining organization. Its Indian operations commenced with the first contract in 1998.

DLF Share Price

601.80 12.10 (2.05%)
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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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