DLF plans to launch in February Rs 7500 crore worth premium housing project in Gurugram
NEW DELHI: Realty major DLF Ltd plans to launch a luxury housing project in Gurugram next month with an estimated sales revenue of around Rs 7,500 crore as it seeks to tap strong demand for high-end apartments. The company plans to develop around 1,100 apartments in this residential project, DLF Group Executive Director and Chief […]
DLF sells all 292 luxury homes in new project at Gurugram for Rs 1,800 crore
NEW DELHI: Realty major DLF has sold all 292 luxury homes in Gurugram for over Rs 1,800 crore within few days of the launch of the project, signalling strong demand despite rise in interest rate on home loans and property prices. On September 26, DLF had launched its project ‘The Grove’ located at DLF phase-5 […]
DLF to invest Rs 550 crore to construct 1-mn-sqft office building in Chennai
NEW DELHI: Realty major DLF has announced an investment of around Rs 550 crore to construct a one-million-square-feet office building for Standard Chartered Global Business Services’ largest campus globally. Tamil Nadu Chief Minister M K Stalin laid the foundation stone of the office campus in ‘DLF Downtown’ project at Taramani in Chennai. In October 2020, […]
DLF launches 1,500 residential plots in Chennai
NEW DELHI: India’s top real estate company DLF has announced the launch of Chennai’s first-of-its-kind, nature inspired, theme based plotted development, Parc Estate off the Old Mahabalipuram Road. It offers 1,500 plots spread over an area of approximately 85 acres’ with plot sizes ranging from 600 sqft. to 4000 sqft., with an approximate price of […]
Delhi: DLF sells properties worth Rs 1,500 crore in new luxury housing project
NEW DELHI: Realty major DLF Ltd on Tuesday said it has sold properties worth Rs 1,500 crore in its newly launched housing project at Moti Nagar in the national capital, reflecting strong demand for luxury apartments. On Friday, DLF launched its luxury housing project ‘ONE Midtown’ comprising 913 units, at Shivaji Marg in Moti Nagar, […]
Realty major DLF cuts net debt by 16% in September quarter to Rs 3,985 crore
NEW DELHI: Realty major DLF Ltd has reduced its net debt by 16 per cent during the July-September period to Rs 3,985 crore on improved cash flows amid a revival in housing demand. According to an investors presentation, DLF’s net debt has come down to Rs 3,985 crore as on September 30, 2021 from Rs […]
DLF targets 30 per cent growth in sales bookings to Rs 4,000 crore during FY22; to launch 8 mn sq ft area
NEW DELHI: Realty major DLF aims a 30 per cent jump in its sales bookings to Rs 4,000 crore this fiscal, as the company expects a rise in housing demand despite the COVID-19 pandemic. The company will launch various projects, comprising 8 million square feet of saleable area, to tap this growing demand for residential […]
Realty major DLF sale bookings up 24% at Rs 3,084 crore in FY21
NEW DELHI: Realty major DLF sold residential properties worth Rs 3,084 crore in the last fiscal year, registering a growth of 24 per cent from 2019-20, as it saw better demand for completed and new inventories despite the pandemic. The company’s sale bookings stood at Rs 2,485 crore in 2019-20, according to an investors’ presentation. […]
Realty firm DLF raises Rs 500 crore through NCD issue to investors
NEW DELHI: Realty firm DLF on Thursday said it has raised Rs 500 crore through the issue of non-convertible debentures (NCD) to investors. In a regulatory filing, DLF informed that the allotment committee has allotted 5000 senior, secured rated listed redeemable non-convertible debentures (NCDs) with a face value of Rs 10 lakh each. The tenure […]
Realty firm DLF plans to raise up to Rs 395 crore
NEW DELHI: Realty firm DLF plans to raise up to Rs 395 crore through issue of debentures. In a regulatory filing, the company informed that the proposal will be discussed on March 3 at a meeting of the finance committee of the board of directors. DLF did not disclose where the proceeds from the bond […]
Budget 2021: NAREDCO recommends measures to support green shoots in real estate
NEW DELHI: In the aftermath of Covid-19 pandemic, Indian economy grapples with the challenges of recovery, expectations from the upcoming Union Budget are high. Real estate sector, as a generator of jobs (14 per cent) and major contributor to the GDP (7 per cent), is optimistic to seek major reforms with timely policy interventions by […]
DLF sells nearly 90 independent floors in Gurugram for over Rs 300 crore
NEW DELHI: Realty major DLF Ltd NSE 1.49 % has sold nearly 90 independent floors worth over Rs 300 crore in Gurugram and plans to launch more such projects as demand for premium residential properties has revived in last few months. The company plans to launch independent floors in DLF Phase I-IV at Gurugram, New […]
DLF-GIC joint venture to be ready for launch of its REIT in 15-18 months
NEW DELHI: Realty major DLF’s rental arm DCCDL has started the process of structuring its rent-yielding commercial assets in Real Estate Investment Trust (REIT) form but the timing to launch the public issue will be decided by the promoters. DLF Cyber City Developers Ltd (DCCDL) is a joint venture between DLF and Singapore’s sovereign wealth […]
DLF’s net profit dips 48% at Rs 232.14 crore in Q2 FY21
NEW DELHI: Realty major DLF on Friday reported a 48 per cent decline in its consolidated net profit at Rs 232.14 crore for the quarter ended September. Its net profit stood at Rs 445.83 crore in the year-ago period. Total income fell to Rs 1,723.09 crore in the second quarter of this fiscal from Rs […]
DLF plans to develop 20 million square feet of office space in Gurugram, Chennai
NEW DELHI: Realty major DLF is planning to develop office space of about 20 million square feet in Gurugram and Chennai over the next 6-7 years, a top official said. Speaking to reporters here, DLF CEO Mohit Gujral said that about 11 million sq ft will be in Gurugram, while about 7 million sq ft […]
NCLAT asks DLF to transfer 60,000 shares to deceased investor’s legal heirs
NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) has directed leading real estate player DLF Ltd to register transfer of 60,000 shares to the legal heirs of one of its deceased shareholders and has imposed a cost of Rs 5 lakh for “harassing the poor investors”. A three-member bench observed that DLF insisted again […]