DLF firms up on project order

DALAL STREET SPIKES

The real estate developer DLF went up by 16.41 per cent to Rs 892.75. The stock rallied after winning the project to develop a 'New Bangalore City' in Bidadi following a global tender.

The project shall generate value in excess of Rs 50,000 crore ($12.5 billion), which is the single largest investment in real estate in India. The stock has risen over 46 per cent in one month and 21 per cent in a week.