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Journalism of Courage
Indias largest realty firm DLF on Monday said it has given a Rs 1,337 crore contract to Larsen & Toubro for construction of its luxury residential project in Gurgaon.
The company is developing a high-end housing project The Crest in Gurgaon,comprising 765 units,of which about 250 flats have already been launched and sold.
DLF has appointed construction major L&T Construction as general contractor to build the luxury residential development, the company said in a statement.
The total contract is valued at approximately Rs 1,337 crore and is in line with DLFs philosophy of associating with reputed national and international construction giants for development of its new projects, DLF said.
The real estate major had decided to outsource the construction jobs to third parties for expediting the deliveries of its projects across the country.
L&T shares ended the day at Rs 925.15,up 6.05 per cent on the BSE. During the day,the stock gained 6.47 per cent to Rs 928.80.
