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DLF Plans Integrated Township at Panchkula
Thursday, April 17, 2008

Delhi-based DLF group would soon have its presence felt in the fringes of Chandigarh as the company is coming up with their DLF Garden City Project near Panchkula for which the company is eyeing 200 acres. Out of the 200 acres, the company is said to have acquired 34 acres with rest being underway.

Already DLF, one of the leading real estate developers of India, has its presence in Chandigarh as the company has set up an IT Park spread over an area of 12.4 acres with an investment of around Rs 240 crore.

The DLF garden city project that is a residential project in an area of 34 acres and would offer 2, 3 and 4 Bedroom Hall Kitchen (BHK) apartments.

While the 2 BHK would have 1250 sq feet, the 3 BHK areas would vary from 1550 sq feet to 2050 sq feet while the 4 BHK would comprise 2250 sq feet to 2550 sq feet.

An official from the DLF, while confirming the news said that DLF has acquired 34 acres of land near Panchkula on the National Highway-22 and the project would be rolled out soon. The said deal has been finalized at a whooping amount of Rs 1.14 crores.

According to officials, the DLF is awaiting license from the Haryana government, which will come by this month end after which the work for the township would resume.

Apart from the residential apartments the integrated township would have special features like Club House, Schools, which could be in collaboration with Vijay International School and Educom and a hospital to be set up by Fortis or Wockhardt.

Meanwhile, unconfirmed news revealed that DLF was eyeing nearly 400 acres at Mullanpur near Mohalli area.The investment in this project is again estimated to be over Rs 1 crore. According to officials instead of the integrated township the DLF has proposed to create a plotted township in this area.

It is pertinent to mention that after a 123 acre land bid by DLF was outbid by Parsavnth in 2006, DLF is said to have been scouting for land near Mohalli and Panchkula.

Earlier also DLF has shown interest in setting up township in UT and its fringes and third one at Shimla. In Punjab also the company has was keen interest to set up retail projects in Ludhiana, Jalandhar and Amritsar, and 5 acres of land has already been purchased in Amristar for the venture.



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