DLF has emerged as the successful bidder for a 11.76 acre land parcel in Gurugram. In an interview with CNBC-TV18, Ashok Tyagi, Group CFO of DLF spoke about the latest happenings in his company and sector.

This land parcel of 11.76 acres is a great strategic fit for us, he said.

This will be developed into a mixed use of commercial and IT development. It will be a proportion of development for sale and for lease, he added.

There will be no residential component in it, said Tyagi.

Net debt in DLF is at Rs 5,500 crore currently and we will plan to fund it through some internal accruals, he further mentioned.

here is company details.

 

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