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DLF enters Mumbai property market with a bang
24 Jun '05
1 min read
It is proclaimed to be the biggest real estate deal, Delhi-based real estate giant DLF entered the Mumbai property market with a bang.
DLF paid whooping Rs 700 crore for 18 acres of defunct NTC's Mumbai textile mills, a prime plot on which it plans to open retail cum entertainment centre.
Industry watchers speculate DLF having paid Rs. 200 crore over the estimated market price. However, DLF representative conveyed that the company does not mind paying high price as it wants to foray into the lucrative Mumbai real estate market.
DLF paid whooping Rs 700 crore for 18 acres of defunct NTC's Mumbai textile mills, a prime plot on which it plans to open retail cum entertainment centre.
Industry watchers speculate DLF having paid Rs. 200 crore over the estimated market price. However, DLF representative conveyed that the company does not mind paying high price as it wants to foray into the lucrative Mumbai real estate market.
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