DLF to build 2 model towns in Chandigarh

Real estate major DLF Ltd is likely to develop two integrated model townships on the outskirts of Chandigarh.

According to the sources in the local market, the company has acquired two sites of 200 acres and 150 acres each, one of which falls in Punjab and the other within the geographical boundaries of Haryana. The company was contemplating investing thousands of crores in this region, said sources.

The integrated townships are expected to give the people of this region a state-of-the-art township with world class medical, entertainment and educational institutes.

The company is also completing the City Centre Mall in Rajiv Gandhi Chandigarh Technology Park in Chandigarh. The mall will offer a covered area of 190,000 square feet. Besides retail space and a food court, it will also have the region's first digital cinema. Many internationally acclaimed brands have confirmed their space in the mall.

The company has decided to develop an area of 433 acres in and around Chandigarh that includes two integrated townships and retail and shopping complexes.

The company also has plans to develop a 102-acre residential project near Shimla and, according to sources, it has acquired land for the project.

The company is acquiring land in Ludhiana to develop a 160,000 square feet retail and office project. A 270,000 square feet retail and hospitality project is also on the cards at Ferozpur Road near Ludhiana. The company has acquired 8 acres in Amritsar.

DLF has also acquired land at Panipat and Sonepat in Haryana. It will develop two shopping malls on 10 acres in Panipat and a residential project will be developed in Sonepat on 25 acres.