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DLF to buy Bhagyanagar Metals land

Real estate major DLF has finalised a deal with Hyderabad-based Bhagyanagar Metals to acquire the latter's 12 acres of land at Uppal for Rs 118 crore. DLF has struck the deal through its subsidiary company DLF Commercial Developers.

Bhagyanagar Metals may also opt for a joint development of the 12 acres of land at Uppal with DLF. They added that the company is in the process of acquiring properties to the extent of Rs 300 crore for business purposes.

Bhagyanagar, the flagship company of the Hyderabad-based Surana group, plans to invest Rs 150 crore in infrastructure projects through its demerged entity Bhagyanagar Infrastructure.
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