Tuesday, May 22, 2012
India's Lodha in talks to buy DLF's Mumbai land-sources
MUMBAI - India's Lodha Group is in advanced talks to buy a plot of land in Mumbai from DLF , the country's largest listed real estate developer, for about $500 million, two sources with direct knowledge of the situation said. Sale of the 17-acre plot is seen as part of DLF's plan to sell some of its assets to pare debt of about $4 billion. The transaction, if completed, would be one of India's biggest land deals, industry analysts said. Privately-owned Lodha, which is building the world's
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