April 16, 2009
DLF may pull out of Infopark project
Posted by: admin : Category: Current affairs
DLF, India’s biggest real estate developer, is likely to pull out of its Rs 1,000 crore Infopark project in the city which was to be developed over 54 acres in an approved special economic zone for information technology projects.
The company, which has already taken possession of land for the project — it was inaugurated just two months ago — is facing a cash crunch amid the prevailing economic downturn, which has slackened the demand for commercial real estate projects.
