Indian real estate giant DLF Ltd. reached Rs 1600 crore deal on Thursday to buy DCM Shriram Consolidated (DSCL) mill land. The deal will give DLF the access to about 38 acres of prime land in Najafgarh in West Delhi.

In case the deal fetches the mentioned amount, it would be among the highest value real estate transaction in the country.  

In 2005, DLF had bought a 25 acre plot close to the Swatantra Bharat Mill (SBM) and has an in-principal clearance to develop an IT SEZ on the land. The company has bought another 2 acres in the same area.

After the acquisition of SBM, the company’s total land bank will reach 65 acres. DLF has plans to develop an integrated township on the land. Once completed, it will be the largest residential real estate project in Delhi.

Boasting of being the first-of-its-kind, the township will combine an IT SEZ with a large housing supply for the executives working in the SEZ.  

DSCL had received offers for the mill land but did not finalize any sale options. The company is at sensitive stage and may close the deal at Rs 1,600-1,700 crore.

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