DLF receives EC to expand Gurugram project at Rs 14 billion investment

The Ministry of Environment has given the green nod for realty major DLF’s proposed expansion project in Gurugram after taking into account the recommendations of the Expert Appraisal Committee.

DLF will invest over Rs 14 billion to develop a commercial project in Gurugram to expand the office space by nearly one million square feet area.

As per the official document, the approval is subject to the compliance with certain conditions.

According to the proposal, the DLF will now invest Rs 14.39 billion to develop the Cyber Park project, as against the earlier estimate of Rs 4.12 billion.

After the Haryana government increased the floor area ration (FAR) under its new TOD (Transit Oriented Development) policy, the DLF applied for development of increased build up area in its ongoing Cyber Park project spread over nearly 12 acres.

Image Credit : bsmedia.business-standard.com

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