{"id":22646,"date":"2013-08-10T10:15:29","date_gmt":"2013-08-10T04:45:29","guid":{"rendered":"http:\/\/www.bharatestates.com\/blog\/?p=22646"},"modified":"2020-06-15T03:48:32","modified_gmt":"2020-06-14T22:18:32","slug":"22646-dlf-to-put-for-sale-its-it-special-economic-zone-of-pune","status":"publish","type":"post","link":"https:\/\/www.bharatestates.com\/blog\/22646-dlf-to-put-for-sale-its-it-special-economic-zone-of-pune\/","title":{"rendered":"DLF to Put for Sale its IT Special Economic Zone of Pune"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-22647\" alt=\"DLF-IT-SEZ\" src=\"https:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/08\/DLF-IT-SEZ.jpg\" width=\"300\" height=\"250\" \/>With an aim to cut the debt, India&#8217;s biggest real estate company, DLF has decided to put the second phase of its under-construction IT Special Economic Zone in Pune on sale for an estimated Rs. 250 crore. The project is located in the prime commercial zone of Pune in Hinjewadi. The company has taken this decision with a view to clear-off its non-core projects and businesses and to cut the level of debt.The SEZ is a 29 acre project which has a built-up area of 2.9 million sq ft. According to the sources, immediately after a week of the company&#8217;s sale of its 74% stake in life insurance joint venture, the developer has started discussions with local developers and private equity firms to sell its Pune IT SEZ&#8217;s Phase II. The company with its associate partner Hubtown has already sold the first\u00a0phase of the project for Rs. 810 crore to Blackstone.According to one of the associated persons, the valuation of the second phase of this project will be lower as compared to the first phase since this phase is still under-construction and the tenancy agreements are in process. The first phase which was sold to Blackstone was completed and leased-out. The developer is intending to complete this transaction by the end of this year.The transaction is a part of the company\u2019s plan to decrease it\u2019s debt by Rs. 4,000 crore by the end of financial year 2013-14.<span style=\"left:100%;display:inline-block;position:fixed\"><a href=\"http:\/\/rusbankinfo.ru\/\">\u0437\u0430\u0439\u043c \u043d\u0430 \u043a\u0430\u0440\u0442\u0443 \u0431\u0435\u0437 \u043e\u0442\u043a\u0430\u0437\u043e\u0432 \u043a\u0440\u0443\u0433\u043b\u043e\u0441\u0443\u0442\u043e\u0447\u043d\u043e<\/a><a href=\"http:\/\/rusbankinfo.ru\/credits.html\">\u0432\u0437\u044f\u0442\u044c \u043a\u0440\u0435\u0434\u0438\u0442 \u043e\u043d\u043b\u0430\u0439\u043d<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>With an aim to cut the debt, India&#8217;s biggest real estate company, DLF has decided to put the second phase of its under-construction IT Special Economic Zone in Pune on sale for an estimated Rs. 250 crore. The project is located in the prime commercial zone of Pune in Hinjewadi. The company has taken this [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-22646","post","type-post","status-publish","format-standard","hentry","category-realty-news"],"blocksy_meta":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>DLF to Put for Sale its IT Special Economic Zone of Pune -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bharatestates.com\/blog\/22646-dlf-to-put-for-sale-its-it-special-economic-zone-of-pune\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DLF to Put for Sale its IT Special Economic Zone of Pune -\" \/>\n<meta property=\"og:description\" content=\"With an aim to cut the debt, India&#8217;s biggest real estate company, DLF has decided to put the second phase of its under-construction IT Special Economic Zone in Pune on sale for an estimated Rs. 250 crore. 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The company has taken this [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bharatestates.com\/blog\/22646-dlf-to-put-for-sale-its-it-special-economic-zone-of-pune\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/gayatri.subramanian\" \/>\n<meta property=\"article:published_time\" content=\"2013-08-10T04:45:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-14T22:18:32+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.bharatestates.com\/blog\/wp-content\/uploads\/2013\/08\/DLF-IT-SEZ.jpg\" \/>\n<meta name=\"author\" content=\"gayatri\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"gayatri\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" 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