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Construction : Real Estate | September 2013 | Source : Construction Update

DLF to invest Rs 450 cr more in its Lucknow projects

India's largest real estate corporate company DLF has lined up investments worth Rs 450 crore for housing and township projects underway in Lucknow. DLF had already invested nearly Rs 140 crore in the studio apartment project coming up in the posh Gomti Nagar area of Lucknow. The studio apartment and township projects are estimated at Rs 340 crore and Rs 550 crore, respectively.

DLF in its Gardencity residential township project, spead over 250 acres on the Rae Bareli road in Lucknow, had invested Rs 350 crore. Now, Rs 200 crore more investment would be made towards the project's fructification, DLF said.

In the Gardencity project, DLF has given bank guarantee of Rs 70 crore to the Uttar Pradesh Housing and Development Board with regards to the construction of 1,250 housing units for the weaker sections of society.

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