Mangal Prabhat Lodha retains top-spot in Indian property market with Rs 31,960 crore wealth
NEW DELHI: Hurun Report and GROHE India today unveiled the third edition of ‘GROHE Hurun India Real Estate Rich List 2019’ – featuring the richest real estate entrepreneurs in India. With a wealth of Rs 31,960 Crore, Mangal Prabhat Lodha & family of Macrotech Developers retained the top spot in GROHE Hurun India Real Estate […]
DLF settles Rs 8,700 crore amount payable to JV with Singapore-based GIC
NEW DELHI: Realty major DLF has settled the entire Rs 8,700 crore amount payable to DLF Cyber City Developers Ltd (DCCDL), its joint venture with Singapore-based GIC, by transferring various completed commercial properties and land parcels as well as cash payment. With settlement of this dues, the company said it has completed the exercise of […]
DLF sells nine-acre land to American Express for Rs 300 crore
NEW DELHI: Realty major DLF has sold a 9 acre land parcel in New Gurugram to American Express for about Rs 300 crore in one of the costliest land deals in this area, sources said. The selling price comes out to be around Rs 32 crore per acre. American Express will develop a large campus […]
DLF transfers Noida mall, land to JV firm; reduces dues to Rs 5,500 crore
NEW DELHI: Realty major DLF has settled Rs 3,100 crore amount payable to its joint venture with Singapore investment firm GIC by transferring Noida shopping mall and some land parcels. At the end of 2018, DLF owed Rs 8,700 crore to DLF Cyber City Developers Ltd (DCCDL), which is a joint venture between DLF and […]
DLF’s net debt down 35 per cent to Rs 3,416 crore
NEW DELHI: Realty major DLF’s net debt declined 35 per cent to Rs 3,416 crore during the first quarter of this fiscal on better sales and fund infusion from promoters. According to an investor presentation, DLF’s net debt has come down to Rs 3,416 crore as on June 30, 2019 from Rs 5,283 crore at […]
DLF cuts net debt by 38 per cent in Q4 to Rs 4,483 crore
NEW DELHI: Realty major DLF reduced its net debt by 38 per cent during the fourth quarter of last fiscal to Rs 4,483 crore with the help of funds raised from selling shares to institutional investors. According to an investors presentation, DLF’s net debt has come down “from Rs 7,224 crore in Q3 of FY19 […]
DLF’s net profit up 76% at Rs 436.56 crore in Q4 FY19
NEW DELHI: Realty major DLF on Tuesday reported a 76 per cent jump in its consolidated net profit at Rs 436.56 crore for the quarter ended March on higher sales. Its net profit stood at Rs 247.73 crore in the year ago period, the company said in a regulatory filing. Total income rose to Rs […]
DLF’s Ananta Singh Raghuvanshi joins DAMAC Properties
NEW DELHI: DLF’s Ananta Singh Raghuvanshi has resigned from company and joined Dubai-based DAMAC Properties as Senior Director -International business development, according to her Facebook profile. “My dear FB family, hope you all had a Happy Anant Chaturdashi . Look forward to your support and best wishes in my new assignment as Senior Director- International business […]
Licence of land sold by Skylight to DLF “deemed to have lapsed”
CHANDIGARH: Haryana Chief Minister Manohar Lal Khattar on Thursday said the licence of a piece of land in Gurgaon’s Sector 83 which was sold by Congress leader Sonia Gandhi’s son-in-law Robert Vadra’s firm Skylight Hospitality to realty major DLF was “deemed to have lapsed”. The licence of the piece of land has not been renewed, […]