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DLF buys Madras Race Club land for Rs 360 crore

Within five days after the Madras high court cleared a hurdle in the sale of prime land parcel, for which DLF quoted Rs 360 crore to Madras Race Club (MRC), the deal has been sealed, and the registration formalities completed on Friday. The state government too gained a windfall revenue of around Rs 38 crore by way of stamp duty and registration charges from the single transaction.

Source :- ET Realty