DLF to invest Rs 750 crore for new commercial project in Gurugram

Realty major DLF will invest around Rs 750 crore for construction of a new commercial project in Gurugram as it seeks to encash rising demand of office and retail space from end users as well as institutional investors, according to sources. The company has decided to build a new commercial project with 2.5 million sqft area in Gurugram. It will sell office and retail space in this commercial project, and not adopt lease model, sources said. DLF has completed and sold a 2.5 million sqft commercial project 'DLF Corporate Greens' located at Southern Peripheral Road in Sector 74A, Gurugram. Adjacent to the Corporate Greens project, the company has more land parcels where it will build the new commercial property. The construction work would start in few months with an estimated cost of around Rs 750 crore, sources said.