Our Bureau

Hyderabad, Aug. 25

DLF Universal Ltd, a leading real estate developer, on Thursday announced its plans to enter Hyderabad market and other southern cities later.

The company has purchased over 25 acres of land near the Gachibowli area in Cyberabad for developing top-notch facilities, marking its first foray into the South. This will be followed by entry into Bangalore and Chennai.

DLF in a statement said, "After successfully establishing residential and commercial complexes in north India, we are now all set to capture the ever expanding real estate market across the country. We have already entered Chandigarh and Kolkata with our IT parks and have acquired land in Mumbai, Chennai, Hyderabad and Bangalore."

The DLF group has developed over 30 million square feet and plans to develop another 20 million sq.ft. across the country over the next three years. DLF properties have emerged as preferred destinations for both Indian as well as multi-national conglomerates apart from leading IT and ITeS firms. The company plans to set up multi-utility retail outlets, high-class premium residential and commercial complexes in these cities

(This article was published in the Business Line print edition dated August 26, 2005)
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