Realty major DLF and US-based Hines will invest around Rs. 1,300 crore to construct the first phase of a premium commercial project, largely office space, in Gurugram. The project comprises 2.55 million sq ft area in the first phase.

In the refinery and petrochemicals sector, one of the six focus sectors of Odisha, an investment proposal of Rs. 1,420 crore was approved by HLCA, for establishment of a crude oil terminal by Numaligarh Refinery Ltd at Paradip. The project will generate around 200 jobs.

The firm’s renewable energy subsidiary, Sembcorp Green Infra, has received a letter of award from the Solar Energy Corporation of India to develop a project in Rajasthan connected to the state’s transmission utility Rajasthan Rajya Vidyut Prasaran Nigam Ltd. The project’s entire output will be sold to SECI.

DLF is planning to launch budget housing projects in Gurugram and in Chandigarh Tricity. According to an investor presentation, these under-planning projects span across 10 million sq ft with potential revenue of Rs. 5000 crore. These will include projects with low-rise buildings and can be executed quickly.

DLF will move into the mid-income housing segment in a diversification that will see the company develop 10 million sq ft of housing. The mid-income housing will be a combination of plotted colony, independent floors and mid-rise houses, all in the New Gurgaon sector. DLF intends to keep the buildings 8-storey or less.

DLF has proposed to set up two SEZs in Haryana. The proposed investments for these projects are Rs. 793.95 crore and Rs. 761.54 crore. However, the approval is subject to compliance with the relevant rules and instructions.

The real estate major plans to develop an IT park in Gandhinagar. The company has already spent Rs 100 crore in the project and has lined up further investment of Rs 200-300 crore

The company had formed a joint venture with Global investment and development company Hines to develop a commercial project in Udyog Vihar, Gurugram spread over 11.76 acre of land. The work is in progress.

The company is coming up with commercial project at Patto village, Goa on a 18,120 square meter plot. The project comprises eight-floor complex with food court, retail shops, offices and multiplex. Environment clearance received.