DLF buys 11.76 acre of land for Rs 15 billion in Gurugram, plans expansion

The country’s largest real estate development firm, DLF Limited, has bought 11.76 acre of land at Udyog Vihar in Gurugram for Rs 14.96 billion. The emerged the highest bidder in the e-auction organised by the Haryana State Industrial and Infrastructure Developent Corporation (HSIIDC). 

HSIIDC concluded its e-auction on Monday night for the 11.76-acre plot on NH 8 in Gurgaon. According to HSIIDC officials, a subsidiary of DLF has emerged the highest bidder. Others, including Indiabulls, Bharti Reality and Experion Developers, also took part in the auction.

While the reserve price was around Rs 6.86 billion, which translated into around Rs 596 million