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DLF request to convert SEZ into realty

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The crawling realty is making many leading realty houses to change their mind set frequently to cut down the cost for a better balance sheet at the end of the financial year. The realty giant DLF has recently laid application to build residential and commercial units at their last four projects of SEZs where two falls in the state of Haryana as per the sources revealed at www.propertykhazana.com.
This step was all due to the low occupancy of the SEZ at this various sites of the company that includes one at Chennai and other one at Hyderabad. Source of www.propertykhazana.com also reveals that the BoA meeting was held some time back but the ultimate decision is yet to come up. The company has earlier requested the ministry to permit them to size service units on 15,000 square meter and commercial space for 12,000 square meters at one of the SEZ at Gurgaon.
Sources of www.propertykhazana.com also reveals that the total notified space for SEZ is around 10.73 hectares but at the same time now it is also rumored that the actual motive of the acquisition of land was the realty interest on this part of the location. In addition this SEZ architecture was demanded to be a part of infrastructure by the developers and the matter is still at debating table at RBI. For more and latest realty updates visit www.propertykhazana.com.
Source: NBTVLIVE

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