DLF’s investment in Special Economic Zones (SEZs) in India would cover 26,100 acres in the next two years, and aims to fund these mega projects partly from the IPO worth Rs. 9,625 crore it is placing next week.
Of the SEZ projects DLF is engaged in, a 20,000 acre multi-product SEZ
in Gurgaon and the 3000 acre SEZ, again multi-product, are the largest
The company will be following its policy of leasing out the infrastructure
in all their SEZ projects, the land for which would be acquired
over the next 2 years.
The company has promised possession of the units
in the IT SEZs by 2009, though the larger multi-product zones
would take at least 5-7 years to complete.
DLF’s SEZ plans however, depend heavily on the Government’s policies on processing and non-processing quarters. This would also affect the company’s revenues and the size of the SEZs.
The real estate major is entering into joint partnerships to establish
itself in all verticals of the industry. For infrastructure it has tied
up with Laing O’Rourke, for insurance with Prudential, with Hilton for hospitality, with DT cinemas for multiplexes, and with Fortis to establish hospitals in all its 200 acre townships.