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DLF to put up for sale Hotel Properties

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DLF has decided to sell its core properties housing, industrial and commercial plots placed on the slab and the firm will only sell the non-core hotels plots. DLF Executive Director said to www.propertykhazana.com that, “The Company has cancelled these properties from the market from last month, in view of those banks lending to the realty segment has started to relieve. Some main assets in Gurgaon’s cybercity and Udyog Vihar localities which were on the slab are now cancelled.” Company said that, it is planning to raise Rs. 10,500 Crores by selling property parcels, war chest investments and realty ventures in the coming 3-4 years. DLF has many hotel plots situated in Kolkata, Gurgaon, Baroda, Kasauli, Mumbai, Bengaluru and Sikkim, added the source at the www.propertykhazana.com.
It is further added for www.propertykhazana.com that, “The confirmation to cancel these core properties from the market was considering the legitimacy that banks have become more judicious in lending to realty firms.” He indicated that after the present share auction by the promoters of the firm, company was at ease place. As said by the sources, DLF has handled to sell hotel plots in Sikkim and Baroda, many core properties commercial, housing and industrial plots were on auction by the developer and some of which it handled to sell. The firm at present sold its 70% share in Hindustan Spinning and Weaving Mill in Central Mumbai for Rs. 330 Crores. For more updates on realty market browse www.propertykhazana.com.
Source: NBTVLIVE

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