I would like to begin by thanking you for your encouraging response to the various engagement initiatives undertaken by DLF in the recent past. Over the last year, it has been heartening to see the DLF5 community come together in various forums- events like the recent DLF5 Freedom Run, contributions to the community magazine- High5, our website contests and much more.
The sector road upgradation and the construction of the Rapid Metro line is in full swing and you would be noticing these massive infrastructural initiatives taking shape in DLF5. With our commitment and your support, DLF5 continues to grow into a world-class community. Recently, you would have seen reports in the media about a judgement by the Punjab and Haryana High Court involving ownership of 350 acres of land in Wazirabad Village, Gurgaon. While we are awaiting a copy of the order and will take appropriate legal steps after going through the same, it is important for us to clarify some important facts pertaining to the said land parcel. Since you are an important stakeholder in the vision for DLF5, I wanted to clarify to you that the judgement pertains to land that is not a part of DLF5 in any manner and is completely outside the boundaries of DLF5. Hence, the legal proceedings with this land parcel have absolutely no bearing on the existing, ongoing or completed development in DLF City including DLF5 or operations of DLF5 communities. Media reports suggesting that communities such as The Magnolias and DLF Park Place being affected by the 350 acre judgement are absolutely untrue.
I am pleased to apprise you that the execution of two of our latest offerings in DLF5- The Crest, luxury residences on Park Drive, and The Camellias, super luxury residences on Golf Drive, continues on schedule using best in class partners and resources. Neither of these developments is affected by the recent judgement in any manner whatsoever.
I would again like to thank you for having faith in the vision for DLF5 and our continued commitment to make it into a world-class destination. We look forward to keeping you updated on various initiatives through the year and seek your support during these trying times.