German construction company Hochtief (HOT.XE) unit Leighton Holdings Friday said it has been awarded a contract to build a luxury residential development in India by property developer DLF Ltd. (532868.BY).

MAIN FACTS:

-The contract is valued at 246 million Australian dollars ($220 million).

-The development will occupy an area of around 18 acres and a built up area of 406,000 square meters.

-The project includes the building of nine tower blocks of between 19 and 38 floors with three continuous basement levels which together will house 431 apartments, including 14 penthouses.

-The contract will commence in the third quarter of 2013 and be completed by the third quarter of 2017.

-Write to the Frankfurt Bureau at djnews.frankfurt@dowjones.com

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