American Express buys 9 acres land from DLF Group for its Office campus

Patricia Alphonso Nov 02, 2019 0

India’s largest realty firm DLF Ltd has sold over 9 acres of land located in Sector 74A in Gurugram to American Express (India) Pvt. Ltd. (AMEX) for building its office complex. The transaction was recorded at over Rs. 32.00 crores an acre.

The new campus in Sector 74 A, Southern Peripheral Road (SPR) near DLF Corporate Greens, will be developed in the next 3-4 years.

In the first phase, American Express plans to build about one million square feet by 2022 at the property that has a total potential to build about 2.5 million square feet, officials said.

DLF has developed large parts of Gurugram as a true international urban destination. With its eclectic mix of modern office buildings, vibrant retail and high-end apartment complexes, Gurugram has leapfrogged various cities, to emerge as a major capital of commerce.

Biltrax Construction Data is tracking this project on their technology platform for their Clients.

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