DLF to invest Rs 4,000 cr for building conventional centre

New Delhi, Nov 19 (UNI) With Commonwealth Games ahead, the country's largest real estate company DLF Ltd today said it will start work on constructing the International Convention Centre in the capital spread over 35 acres at an investment of Rs 4,000 crore.

'' We have already paid Rs 1,000 crore to Delhi Development Authority (DDA) and hope to start working on it soon after complying certain regulations,'' company Group Executive Director Rajeev Talwar said on the sidelines of a conference here.

The fund for the 12,000-seater centre, based in Dwarka, will be partially funded by the company and the rest by the investing partners, he added.

The convention centre will include a one million sq ft shopping mall.

Commonwealth Games in 2010 here has spurred demand for property as the government prepares new stadiums for the events, accommodation for the athletes and hotels for visitors.

UNI