DLF to acquire 29 acres in Gurugram for Rs 825 crore

New Delhi, January 25 Realty major DLF Ltd will acquire 29 acres of land in Gurugram from IREO to build a housing project after taking over bad loans worth Rs 825 crore related to the land. A senior official of...

PTI

Updated At : 02:38 PM Jan 26, 2024 IST

New Delhi, January 25

Realty major DLF Ltd will acquire 29 acres of land in Gurugram from IREO to build a housing project after taking over bad loans worth Rs 825 crore related to the land.

A senior official of the company said the total consideration for the 29 acres of land will exceed Rs 825 crore.

The land has been mortgaged by realty firm IREO with some financial institutions.

The realty major plans to develop a group housing project on the land located on Golf Course Extension in Gurugram, Haryana.

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