Largest realty house of the country DLF has currently made new resolutions for their upcoming projects by putting more concentration on the side of the other associates including hospitality sector. According to the source reported at www.propertykhazana.com realty giant is quite comfortable with the current flexible measures of liquidity in the country easing the promotion for new projects and hence DLF is also extending its arms towards more areas covering vitality of emerging business.
Source reported at www.propertykhazana.com reveals that, DLF is mainly focusing its development at the proximity of NCR and is putting more concentration on the hospitality circuit which will be starting with an investment of Rs 4000 crore at the mode of long term debt. The stake is almost sold out and initially the company is planning with 3 hotels and 7 malls at the capital city which will hit the ground with in a very short while. In addition an office project is also at the next year calendar for company at the location of west Delhi.
On a short note with www.propertykhazana.com, chairman of CBRE India states that “currently the rental scene of the country is much improved than what was experienced during the last couple of quarters and participation of the largest realty house in the realty race again will encourage the confidence of others in the same domain”. On the same tune MD of SMC Global has cited that “before taking bigger steps we have to deeply analyze the circumstances of the emerging realty in order to avoid break down again.” For more and latest real estate updates follow us at www.propertykhazana.com.
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