DLF has entered into a settlement with Delhi Development Authority (DDA) with respect to the agreement for allotment of land for setting up an International Convention and Exhibition Centre Project at Sector-24, Dwarka, New Delhi.
Accordingly, the Company has received a refund of Rs 675.81 crore from DDA as full and final settlement, after forfeiture of the earnest money in terms of the settlement agreement. With this settlement, all claims of both the parties inter-se relating to the above land shall stand settled.
DLF is one of India’s largest real estate companies that has over 60 years of track record of sustained growth, customer satisfaction, and innovation. The company has 314 msf of planned projects with 52 msf of projects under construction.
Accordingly, the Company has received a refund of Rs 675.81 crore from DDA as full and final settlement, after forfeiture of the earnest money in terms of the settlement agreement. With this settlement, all claims of both the parties inter-se relating to the above land shall stand settled.
DLF is one of India’s largest real estate companies that has over 60 years of track record of sustained growth, customer satisfaction, and innovation. The company has 314 msf of planned projects with 52 msf of projects under construction.
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