DLF To Build Seven Hotels In Gujarat

Mumbai/ Ahmedabad: DLF, realty major, has decided to set up about seven hotels in Gujarat. Out of these seven hotels, four will be set up in Ahmedabad, and the rest in Vadodara and Surat. Sources close to the development said that the proposed hotels will be part of a 74:26 joint venture between DLF and Hilton Hotels Corporation (HHC). Under the JV, the real estate company will be setting up around 50-75 hotels across the country. DLF had also signed an MoU with the government of Gujarat to develop hotels, IT parks and integrated townships during the Vibrant Gujarat Urban Summit. DLF is also believed to be coming up with malls in Ahmedabad, Vadodara and Surat at a project cost of Rs 1,500 crore. Moreover, the realty company is also setting up 2-3 IT parks in Ahmedabad and Gandhinagar. Presently, DLF boasts of a land bank of 10,255 acres across the country, with 50 per cent of it being in the NCR.