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DLF Acquires 7.5-Acre Land in Gurugram to Expand Housing Portfolio Amid Luxury Boom
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News18•17-10-2026, 17:45
DLF Acquires 7.5-Acre Land in Gurugram to Expand Housing Portfolio Amid Luxury Boom
- •Realty major DLF Ltd has acquired a 7.5-acre land parcel in Gurugram to develop a new housing project as part of its strategic expansion plans.
- •The newly acquired plot is contiguous to a 28-acre land parcel on Golf Course Extension Road that DLF acquired earlier in 2024 from IREO.
- •Managing Director Ashok Tyagi confirmed that the combined 36-acre parcel in Sector 61 will significantly boost the company's development potential.
- •DLF invested Rs 353 crore in the September quarter towards land acquisition payments, with the full deal expected to be finalized by March.
Key Questions Answered
DLF Ltd acquired a 7.5-acre land parcel in Gurugram, specifically contiguous to an initial 28-acre plot on Golf Course Extension Road in Sector 61, creating a combined 36-acre development site.
DLF acquired the initial 28-acre plot from IREO by taking over outstanding bad loans worth Rs 825 crore from bankers after a one-time settlement involving a lender haircut.
Managing Director Ashok Tyagi stated that the land deal for the additional contiguous parcel is expected to be completed by the end of March.
