DLF buys 25 acres in Hyderabad for Rs 450cr

DLF, the country's biggest realty firm, has bagged a deal to acquire 25 acre of land in Hyderabad from the state government for about Rs 450 crore. The company bagged the 25 acre plot from the Andhra Pradesh government at the rate of Rs 18.11 crore per acre, DLF Executive Director Rajeev Talwar told here.

At this rate, the total price comes to around Rs 452.75 crore.

The land would be used for IT purposes, he said.

The deal comes days after the Delhi-based company agreed to buy 38 acre in the national capital for Rs 1,675 crore in the country's biggest land deal.