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DLF insists refund for hindered ventures

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DLF Ltd. which had paid payments in advance to different Govt.’s for townships and commercial ventures is now gazing for compensations as the ventures are not in progress at the estimated speed. The compensations, which run into crores of rupees, can assist the developer suborn its exceptional debt and perform accessible and new ventures, said the source at the www.propertykhazana.com. The Haryana Govt. rebated of about Rs. 250 Crores of License fees to DLF as its commercial ventures were barricaded owing to sluggish finishing by the Govt. authorities. The realtor had used for licenses for about 155 acres of commercial property in Gurgaon and one more 35 acres for an IT Park.
DLF was not ready to wait for more for the Govt. to finish property acquirement as the advance payment was with the state for many years which might have utilized to set up other ventures. DLF rejected to comment on the market speculations and in recent times, DLF urged West Bengal Govt. to rebate about Rs. 300 Crores out of its advanced payment of Rs. 270 Crores as token earnest money for the 4,840 acres Dankuni township venture. As per to the sources saying @ the www.propertykhazana.com, even BPTP Group cancelled the country’s most costly land deal of about Rs. 5,550 Crores with the Noida Authority in UP owing to inaccessibility of funds. For more and latest realty updates visit www.propertykhazana.com.
Source: NBTVLIVE

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