Delhi builder lines up mega investment
ONE OF the biggest real estate players of the country, DLF Ltd, is all set to make a hefty investment to the tune of Rs 8,000 crore in projects in the State. The investment would be in residential, industrial SEZs, and IT park projects in the next four to five years. Apart from this, the company has also showed interest for the infrastructure development of the Bhopal airport.
The proposed investment would be in Bhopal, Gwalior, Indore and Jabalpur. DLF has in the recent past, firmed up major infrastructure and real estate projects in Tamil Nadu, West Bengal and Maharashtra.
DLF’s top management, led by Managing Director T C Goyal, recently met Industry minister Babulal Gaur to finalise the plans. Group Executive Director, Rajiv Talwar accompanied Goyal with other senior executives.
The company, which is yet to acquire the land said the money would be raised through debt equity ratio and private placements.
Principal Secretary, Commerce and Industries, O P Rawat said the company considers Madhya Pradesh as a high potential state. Talking to Hindustan Times he said that the group has shown interest in some of the planned projects including housing, special economic zones, information technology parks and a convention centre with a hotel in Bhopal.
DLF had announced to invest in the State with in a month of announcing to set up a multi-product SEZs at Tamil Nadu in public private partnership. The group had also acquired 5,000 acres in Dankuni, West Bengal earlier this year for an integrated township and industrial hub.