DLF To Acquire DCM Shriram Mill Land For Rs 1,600Cr

NEW DELHI: Real estate major DLF is set to close the Swatantra Bharat Mills (SBM) real estate agreement with DCM Shriram Consolidated (DSCL) for over Rs 1,600 crore on Aug 16. This will be the largest private sector land deal in the country and will provide DLF access to about 38 acres of prime land, at a distance of just about 4-5 km from the capital''s central business district, Connaught Place. DLF already has an in-principle permission to develop an IT SEZ on this land. With the acquisition of SBM''s 38 acres, DLF will have a 65-acre contiguous landbank in Delhi. Also, this will probably be the first integrated township of its kind, combining an IT SEZ with a massive housing supply for those working in the SEZ.