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DLF demands Government to De-notify 4 SEZ ventures

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As per to the sources saying @ the www.propertykhazana.com, DLF had asked the Ministry of Commerce & Industry for de-notification of its 4 out of nine for IT and ITES ventures. But, it is not yet clear to which SEZs DLF is looking for to de-notify and DLF is allowing for taking off about Rs. 1,500 Crores Infopark venture which was developed over 55 acres. Company is having a cash chomp among the current economic crisis, which had loosen the demand for commercial realty ventures. The annotation came after the National Stock Exchange which wanted information from DLF regarding its reported proposals to hand over its SEZs pending to cash chomp.
National Stock Exchange sources said to www.propertykhazana.com that, “The media had reports that DLF Ltd might hand over 5 out of 9 IT and ITES and the replacement in order to confirm the certainty or else of the details reported in the media and to inform the market place so the interest of the investors is protected.” Companies like DLF and Parsvnath have been incapable to hike funds for their SEZ ventures, before Parsvnath had stopped about 12 IT and ITES ventures. For more updates on realty market browse www.propertykhazana.com.
Source: NBTVLIVE

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