DLF to invest $1.7 Billion in Madhya Pradesh real estate and infrastructure
Bhopal, October 18, 2006 : Real estate giant DLF plans to invest $1.7 billion over the next five years in the central Indian state of Madhya Pradesh on real estate and infrastructure projects. Planned projects include housing, SEZs, IT Parks, hotels and convention centres in Bhopal, Gwalior, Indore and Jabalpur.
DLF's managing director Mr. T C Goyal recently met Babulal Gaur, the Madhya Pradesh minister of industries and commerce to finalise plans. The company seeks to acquire land from the government for these projects. Part of the proposed investment would also be used for development of the Bhopal airport.
By INRnews Correspondent
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