DLF New Investment in Hyderabad

Q: Hey what is this about DLF selling land to a local builder? Wht sort of developmental projects will be undertaken on this land? Also, will this project benefit Hyderabad's real estate ?

Sriram Gowda, Hyderabad

8th August 2014

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Replies (5)

Hi,
It is my personal advice to you that it is always good to be sure that the land is free of encumbrances and the approvals are in place. Either it is a reputed builder like DLF or any local builder. If it is a high rise apartment then make sure that the builder has got the environment clearence.

Vikash V, Ahmedabad

26th August 2014

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Hi,
The plots are available in 232 sq-yard to 2005 sq-yard, @4400-4900/sq-yard. Total plots offered are 1172 with average plot size of 325.35 Sq. Yds. 152.63 acres spread out in 2 phases. Indiabulls are the only bank issuing loan for this project.

Manisha Soori, Gurgaon

26th August 2014

Hey there. Actually the reason why the land wasn't developed all this while by DLF was because of the fact that some parts were considered part of the Archaeological Survey of India's heritage zone. There were many big rocks and all in the area which could not be removed, so construction was just not possible. The managing director of Telangana State Industrial Infrastructure Corporation, has said that this was the very reason why DLF offered My House Group to take up this 30 acres in the Game Park project for their developments.

Lata Rao, Hyderabad

9th August 2014

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My House Group is a Delhi based developer who bought the land from Andhra Pradesh Industrial Infrastructure Corporation sometime in 2008. The land was procured in the the corporation's Game Park project that was launched 2 years ago. In fact, it's interesting to note that about 40% of the 350 acre IT park had actually been allocated for activities other than IT park work like housing, hotels, commercial office buildings and malls. This project is sure to do a lot of good for Hyderabad's real estate sector.

Suresh Kota, Hyderabad

8th August 2014

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This will really help DLF deal with its debts. The transaction is more probably going to be completed by the end of this month somemtime. Once that is done, DLF's debt will come down to Rs 18,500 crore from over Rs 23,000 crore since last year, but is hoping to bring this down even further to Rs 17,500 crore by the end of this fiscal year. Officials from both DLF and My House Group didn't want to comment on the market speculations or matters though.

Krishna Rao, Hyderabad

8th August 2014

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Hey yes I read this somewhere online, this is true. DLF plans to sell a significant amount of its land parcel to a Hyderabad builder called My Home Group for 550 crore. This is very good for Hyderabad because DLF s known to be India's leading top and largest real estate developers. I'll bet some elaborate residential project will come up here. Also I think close to 30 acres will be sold to My Home Group.

Ramesh Gullapalli, Hyderabad

8th August 2014

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