DLF buys 7.5 acres in Gurugram to expand luxury housing project
Developer DLF has bought a 7.5-acre plot in Gurugram adjoining its 28 acres on Golf Course Extension Road. The deal is expected to close by the end of March.
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what happened
According to ru.tradingview.com, India's DLF Ltd has acquired a 7.5-acre land parcel in Gurugram for a housing project. The plot borders 28 acres on Golf Course Extension Road that the company obtained from IREO in early 2024 by taking over bad loans of Rs 825 crore.
Management told analysts that the company will end up with a contiguous 36-acre parcel in Sector 61 of Gurugram. Managing Director Ashok Tyagi said the deal should be completed by March end, did not disclose the land cost, and gave no timeline for launching the project. DLF invested Rs 353 crore in the September quarter on land acquisition payments.
The development potential of the original 28-acre plot is 7.5 million square feet and will now rise significantly.
why it matters
The story concerns one major developer and a local luxury residential market in Gurugram, so its reach beyond the sector is limited. For investors following Indian real estate, it signals DLF expanding its premium housing pipeline amid steady demand.
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sources
- DLF acquires 7.5 acres in Gurugram to expand luxury housing project — ru.tradingview.com, 17 October 2026 at 15:27 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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