DLF Bags 112 Acre DCM Land In Delhi

DLF is not just sitting on its laurels after a firm listing earlier this month. In fact, the realty major is beginning to make good use of the proceeds from its IPO. So DLF has just bagged close to 112 acres of land in west Delhi for about Rs 1,750 crore from DCM Shriram, beating archrival Unitech. DLF outbid Unitech by Rs 150 crore, part of the cost will be funded by IPO proceeds. The only rider could be the Supreme Court order that may restrict its construction plans.