DLF, Indias largest real estate firm by market capitalisation, is learnt to have put its commercial property in Andheri, a Mumbai suburb, on the block. This project was being developed with Akruti City, and the asking price for the property is said to be at least Rs 500 crore.
The project is spread over 1 million sq ft in the MIDC area of Andheri. Sources familiar with the development said DLF has approached a couple of Mumbai-based property consultants and brokers to execute the transaction.
According to a senior official at a property consultant firm, the decision to sell the asset was taken a week ago. DLF is also believed to have sounded out prominent builders and individual investors. DLF holds 75% in the project with Akruti holding the rest. This is the second big ticket project that DLF has put on the block in the recent past.
More : economictimes.indiatimes.com
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