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The company intends investing close to Rs 1,700 crore towards developing the plots and offering finished homes spread across 7 million sq ft, they said.”We plan to upgrade our existing plotted inventory to independent floors, which generally has shown better traction in the market. The current plan is to offer about 7 million sq ft of finished homes on its already developed plots. “The construction typically takes anything between seven to nine months, and we intend monetising these ready to occupy homes in the new fiscal itself,” sources said.At the launch of DLF Downtown in Chennai’s Taramani area, Mohit Gujral, CEO, DLF had told Moneycontrol that the company had several land banks across the country and “We’ve made investments in land banks and whenever opportunity unfolds we constantly develop them.
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