L&T bags Rs 1,337 cr deal from DLF

 

New Delhi: India’s leading construction firm L&T has bagged a Rs 1,337 cr construction deal from DLf to build its new residential project in Gurgaon.

The realtor is developing a new housing project ‘The Crest’ in Gurgaon, having 765 units, of which 250 flats have been sold out.

The real estate firm had decided to outsource the construction job to third parties for quick deliveries of its project. The works are of L&T comprises construction, civil, structural, external services, landscaping and all the other construction work associated with the project.

The real estate major had a net profit of Rs 711.92 cr and a total of Rs 7,773 cr in the 2012-13.

MACE group a global consultancy and construction firm was hired by DLF for Project management.

The global consultancy firm offered some iconic projects like London Eye, Heathrow Airport T5, and 2012 London Olympic Games.

The Crest being the next luxury project, DLF is aiming for best construction techniques and best company in the market to construct the project.