As the largest private sector real estate transaction with potential value creation in excess of Rs. 12,000 crores, DLF Ltd. has entered into an agreement to acquire a project consisting of 38 acres of land from DCM Shriram Consolidated Ltd. “DSCL” & Lohias Group for Rs. 1,675 crores (approx). The property was a landmark known as Swatantra Bharat Mills and DCM Silk Mills. As per internal estimates of DLF, this acquisition coupled with the previous acquisition of contiguous plots, will add Rs. 4,000 crores to its NAV. It will also increase the NAV of the existing IT SEZ project by Rs. 1000 crores, thereby the total cumulative NAV increasing by Rs. 5,000 crores.

Another DLF Group company already owns 25 acres in an adjoining piece of land. Recently, DLF had also contracted to purchase another adjoining parcel of land measuring 2 acres from Pure Drinks Ltd.. With the latest acquisition DLF is strongly positioned to leverage the efficiency of the contiguous parcels of land to build a truly world class community.

With this current acquisition, DLF will have the potential to build 3 msf of IT SEZ offices, 2 msf of Shopping mall and 5 msf (approx) of residential units, totaling around 10 msf of saleable/leasable area. The development will be nestled by a huge 121 acre city park making it one of the most picturesque and environmentally friendly projects – involving rain water harvesting, water re-cycling and use of sewage water for landscape greenery. These eco-friendly measures will ensure that the development will not cause any strain on the existing civic services in the area. It will be DLF’s endeavor to make the project a benchmark for the urban re-generation programs in the inner city areas of the Capital city of New Delhi.

PROPOSED INTEGRATED DEVELOPMENT

Project Description
The properties would be developed as an integrated community of 200 acres offering a healthy combination of modern city infrastructure and ideal business / residential environment. The project will be built around a 121-acre green belt belonging to DDA. The development will offer modern workspace to IT/ITES companies, clubbed with residential, retail and recreational developments.

The area would have approximately 5 msf of built up area of an up-market residential apartments with not just an inspiring ambience but top-notch amenities as well. The retail mall of 2 msf will be strategically located in the community to cater to the premium catchment area consisting of more than 5 million residents of Delhi. The development will also offer state of the art workspace of 3 msf to leading corporates; software majors and IT enabled service companies who value world class infrastructure, for which DLF has received approval from the Ministry of Commerce to set up an IT/ITES SEZ.

Location and Accessibility
The land parcels are located at Shivajimarg Road in West Delhi. Its has strategic location (proximity to the heart of Delhi, 5 km from CBD) and is well connected with major roads and the Delhi Metro. Robust infrastructure support already exists for such a developmentand above all limited supply of quality space in the vicinity will provide superior investment returns to DLF.

The area has an excellent catchment from certain prominent residential localities nearby such as Punjabi Bagh and Rajouri Garden.
The said land parcels are located along Shivajimarg and are connected to Rohtak Road along its southern borders. Due to its centralized location, the area is easily accessible by all forms of public transport – Metro, buses and private cabs, connecting it to not only the whole of Delhi but also the NCR region.